Business Protection Insurance
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
Debt protection cover
Permanent loss of key person cover
This benefit is designed to provide a capital injection into the business upon the death, terminal illness or total long term disability of a key employee or sole trader of the business.The purpose of the three new benefits is to protect your business against the financial impact of the death or long-term disability of key employees or sole-traders.
Protecting your revenue
Any employee who makes a significant contribution to profits is likely to be a key person – a key salesperson, a technical expert, as well as company directors and executives.The loss of revenue cover provides an agreed monthly revenue replacement benefit when a key employee or sole trader is disabled, either totally or partially.
We’ll pay this benefit in advance following the end of the selected waiting period.