What is business protection?
Protecting your business is vital but the importance of business protection is often overlooked. There are various options available that can help business owners plan for the unexpected. With the right cover in place the business can continue with minimal disruption following the loss of a key employee or business owners through death, critical illness, or temporary disablement.
What types of business protection are available?
Business protection is available for all manner of businesses from partnerships (including limited liability partnerships), shareholders/stakeholders to sole traders and key employees. It can also be used to repay a business loan in the event of death or critical illness of a partner, key person or sole trader. Each policy is tailored to the type of business and its particular needs.
There are four main areas where Business Protection can help
• Protecting your cashflow: Shareholder Protection
• Protecting your profits: Key Person Protection
• Protecting your debts: Business Loan Protection
• Protecting your directors: Relevant Life Cover