Business Protection Insurance

You’ve built your business by controlling the risks, managing the assets and getting the best people on board. You protect your office, your equipment, your vehicles, but what about the people who make it all happen? One of the best, and best-value, ways of protecting your employees is by setting up a group life and income protection scheme. It not only gives your staff a real sense of being valued, it could also be one of the best investments you've ever made.

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Protecting Your Business and Your People

A group life assurance scheme will pay a lump sum benefit to the dependants of an employee who dies. We know from our own experience what a relief that can be for a business as well as the unfortunate family. Let us show you how easy it is to arrange and just how little it costs. Similarly, income protection can be a huge benefit to you and your staff – we run many schemes and are experts in the market.

As well as your employees, you might also have other shareholders, whose untimely death could put huge pressure on the business. A deceased shareholder’s family may want the value of the shares, and you may prefer not to have them involved in the business. The challenge is, how do you raise the cash to buy back the shares? This is where shareholder protection, sometimes called co-directors protection, comes in. A life policy is set up on each shareholder, and it provides the business with the funds to buy back the shares.

You might also have key employees, whose death would have a big impact on the business. You can protect the business by putting key-person cover in place, which sadly won’t replace the individual, but will lessen the financial impact on the business.