What is Business Protection?
Business Protection comes in many forms including Key Person Protection, Partner/ Director or LLP Share Protection, Business Loan Protection and Relevant Life Insurance.
Business Protection helps businesses to continue to trade should a key person within the business become terminally ill or die. The cash lump sum could help the business to employee a new member of staff, recover loss of profit or repay corporate debt. Shares from the deceased estate can be purchased by the business, meaning the proceeds can be paid directly to help the business. The above policies can include Term Assurance, Term Assurance plus Critical Illness or Whole of Life Protection. (Please see the FAQ page for explanations).