Business Protection

This protects a company financially should any of its owners or employees are affected by illness or death.  It can help with the long-term financial health of the business during a difficult time.

 

Shareholder Protection – This pays a lump sum to the business if a shareholder were to die.  The capital allows the remaining shareholders to purchase the life assureds share of the business from the estate.

 

Key Person Cover – This is a life insurance policy written on the life of the key person but owned by the company. A key person is an individual whose, skill, knowledge, experience or leadership contributes to the financial success of the business.

 

Relevant Life Plan – This is a cost-effective way for an employer to arrange life cover on the life of an employee, with the benefit being payable to an employee’s family.  A sort of death in service benefit.

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With regards to business protection, we are not currently authorised to provide advice, but we can refer you to an authorised specialist, who can assist you in this area.