They see the value of insuring their premises, equipment and vehicles but are badly underprepared for unforeseen events which can have a considerable, if not terminal, impact on their business’ future.
Business protection planning is designed to safeguard businesses against the effects of losing ‘key people’ through death or critical illness.
It can be used for:
- Key Person Insurance – protects against financial loss of key personnel through critical illness or death
- Business Loan Protection – will help repay an outstanding business overdraft, loan or commercial mortgage
- Share Protection – enabling shareholding directors or business partners to purchase shares from the deceased shareholders estate
Taking out business protection insurance is an important step and a valid business overhead. We are highly experienced in advising businesses on the most suitable protection insurance packages that genuinely reflect their needs.
Would your business survive the loss of a key member of staff? If a shareholder of your business were to die, could you afford to buy the shares back from their estate? If you don’t know the answer, our expert planners can help.