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Business Protection Insurance 

Your employees are your most valuable asset. And though no one likes to think about the worst-case scenario, it makes sense to safeguard your business against the tragic incidence of an employee passing away or becoming critically ill.  

Business Protection Insurance gives you the peace of mind that, should the worst happen, you are (at least) protected financially. 

The types of Business Protection Cover we can advise on includes; Key Person Income Protection, Shareholder & Partnership Protection Insurance, and Relevant Life Protection. Our team of business protection experts can help quantify your need and identify the most suitable cover options to mitigate risk.  

Key Person Income Protection Insurance 

In the event of a staff member’s death, critical illness or disability that leaves them unable to fulfil their role, Key Person Income Protection provides your business with a lump sum payment to cover expenses such as sourcing and paying a temporary member of staff, recruiting a replacement, and any profit loss you face as the result of losing such a valuable staff member.  

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Business Protection Insurance Employee Benefits Service

Shareholder & Partnership Protection Insurance  

When a Shareholder passes away or cannot fulfil their duties due to critical illness or disability, Shareholder & Partnership Protection will give your company the funds it needs to buy back shares from the former Shareholder. This type of cover allows you to keep control of your business and provide compensation to the Shareholder’s next of kin.  

Relevant Life Protection  

When a company is too small to have a Group Risk policy, Relevant Life Protection can provide a convenient and cost-effective alternative for providing individual death-in-service benefits. Should the worst happen, the deceased employee’s family receives a lump sum payment.  

If you would like to protect your company against the financial repercussions following an employee’s untimely death or critical illness, get in touch, and we’ll be glad to take you through the best options for your business.

  

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