Safeguard the future of your business
When a business loses its sole trader, a key employee, a shareholder or a business partner, the consequences can be dramatic. Profits can fall, loans may have to be repaid at short notice or, at worst, the future viability of the business can come under threat.
It is essential for business owners to know that, even if the worst should happen to a key stakeholder, they’ll have the financial means to stay on track. A Business Protection Plan provides a unique way of helping protect business finances.
Shareholder buyout cover
This benefit is designed to fund the buy-sell agreement commitments of the business for an employee shareholder whose death, terminal illness or total long term disability would trigger the buy-sell agreement. This benefit is not available to sole-traders.
Debt protection cover
This benefit is designed to fund business debt re-payment upon the death, terminal illness or total long term disability of any employee, shareholder or sole trader, whose death, terminal illness or total long term disability would trigger a contractual requirement for the debt to be repaid.