BUSINESS PROTECTION INSURANCE
Let’s get you covered
Types of business protection
There are some people your business just couldn’t do without. We’re not saying we can replace them, but with our Business Protection we could help protect your business to ensure it continues to trade.
Business protection insurance is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual during the length of the policy. It can also pay out on a diagnosis of terminal illness if our definition is met. It can help ensure that your business survives and continues trading during difficult circumstances.
Browse our business protection insurance products:
Relevant Life Cover is a policy, allowing companies to offer a death-in-service benefit to its employees. It’s set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The money goes directly to the employee’s family or financial dependants.
Key Person Protection is designed to pay out a lump sum on the death of the insured key person, during the length of the policy. It is paid as a lump sum and could significantly help the business to recover. The proceeds can be used to help replace lost profit or finding and hiring a replacement.
Business Loan Protection can help businesses pay an outstanding overdraft, loan or commercial mortgage, should a key person die or be diagnosed with a specified critical illness (if chosen) during the length of the policy. It can also pay out on a diagnosis of terminal illness if our definition is met.
Share Protection allows the remaining partners, shareholding directors or members to remain in control of the business following the death of a business owner.
Death in service Insurance pays out a lump sum if you pass away while you work under the company’s employment. It’s different to life insurance as it generally ends upon leaving the company.
Group Private Medical Insurance reduces staff absences due to ill-health, improving staff wellbeing for a healthier workforce it also improves productivity by employees getting quicker access to necessary medical treatments.