Business Protection

Protect your business and those who help

With lots of options available, choosing the right level of cover can be difficult – but don’t worry, we’re here to help.

Types of cover available:

Key Person Insurance

Key person insurance is a policy that allows a business to insure itself against the financial loss it would suffer if a key person in their business died or were diagnosed with a specified critical illness, during the length of the policy.

Relevant Life Cover

Relevant Life Cover allows employers to offer a death-in-service benefit to their employees. It’s a tax-efficient life insurance policy, set up by the employer and pays out a tax-free lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go to the employee’s family or financial dependants.

Business Loan Protection

Business Loan Protection is either life assurance or life assurance with critical illness cover included. A policy is taken out on the life of a key individual or individuals so that any money due from a claim can be used to help pay towards any outstanding debt or loan.

Ownership Protection

Ownership Protection typically uses a life insurance policy to provide the lump sum capital for the surviving business owners to buy the deceased’s share of the business from their family

Employee Benefits

An employee benefit insurance is insurance offered by employers to their current employees. It also serves as a way to attract and retain workers in a company. It can assist an employee or their family financially by providing a financial lump sum. This is a great way to show employees they are valued, and businesses that pay these premiums receive tax breaks which can make the cost very reasonable for the benefits the employees receive.

The Financial Conduct Authority do not regulate employee benefits.