Business Protection
The importance of business protection is often overlooked. It helps business owners plan for the unexpected by providing cover to ensure the business can continue with minimal disruption following the loss of one of their key employees or one of the business owners through death, critical illness or temporary disablement.
Key Person
- Provides a financial safety net if a key member of staff dies or is diagnosed with a serious illness (if Critical Illness Cover is also selected)
- The claim is paid directly to the company or partners, allowing breathing space to help keep the business trading as normally as possible.
Relevant Life Cover
- Allows companies to offer a death-in-service benefit to its employees (including salaried directors)
- It’s set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured
Share & Partnership Protection
- Helps business owners keep control of the company if one of them dies or is diagnosed with a critical illness
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