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Business Protection

Business protection for both you and your business. Below you will find a quick glance guide to the generic products available along with some of the features and benefits that they can provide. We would aways recommend taking professional advice before taking out any policies.

If you have any further questions or would like a FREE no obligation quote then please do not hesitate to call us on 0117 9675 052 or alternatively drop us an e-mail.

Partner/Director Share Protection

How it works: A life assurance policy that pays out a pre-determined amount on the death of a partner/director of a company (Critical illness cover can be combined). Partner/Director protection will only pay out during the term of the contract at which point the cover ends with no financial return.

Benefit to you: Allows the remaining partner(s)/director(s) the ability to buy out the deceased share of the business. Assuming that the appropriate legal agreements are in place this will assist the remaining partner(s)/director(s) in retaining control of their business.

Ask yourself: Who would be in control of your business if one of the partner(s)/director(s) passed away?

Key Person Protection

How it works: A life assurance policy that is written on the life of the key person within the business but is owned by the company i.e. the company pays the premiums. Key Person Protection will only pay out during the term of the contract at which point the cover ends with no financial return.

Benefit to you: Helps safeguard your business against the financial effects of a death or critical illness of a key person.

Ask yourself: What would be the cost to your business of losing one of your key personnel? Would there be a financial loss? Perhaps additional training costs?

Business Loan Protection

How it works: A life assurance policy that helps the business repay an outstanding loan, overdraft or commercial mortgage in the event of death or critical illness. Business Loan Protection will only pay out during the term of the contract at which point the cover ends with no financial return.

Benefit to you: Allows you to clear any outstanding finance in the event of death or critical illness. The money will be paid directly to the business.

Ask yourself: Loss of the individuals who have guaranteed a loan is serious. What would be the implications to your business?