What is 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.
To help ensure the long term financial security of your business in the event of losing key people to death or critical illness, you can take out Business Protection for:
- Key Person Protection - help safeguard your business against the financial effects of the loss of a key person
- Business Loan Protection - helps pay an outstanding overdraft, loan or commercial mortgage against the loss of the guarantor
- Share Protection - helps partners, directors and members buy a deceased persons share of the business
- Relevant Life Plan - provides life cover for an employee, which may include directors, whilst they are employed