Business Protection

A tax efficient way of providing protection

for Directors and employees.

What is Business protection?

The business will be the owner of the policy but the director or employee are the ones to be insured. As this is a product specific for Directors, ideally we would like to discuss how it works in detail over the phone so we can make sure you understand business protection.

Here Are Some of the Different Types of Business Protection We Can Offer:

Relevant Life

Relevant Life cover is a tax-efficient life insurance policy. This allows smaller companies to offer death in service for their staff and directors.

Keyman

The business uses a normal life insurance policy to protect against the loss of a key person through death or illness. This is a way of stabilising the business until a replacement can be found.

Executive Income Protection

This acts similarly to a sick-pay benefit by providing your employees with a regular monthly income when they’re unable to work due to illness or injury.

Share Protection

If there are two or more business partners/ Shareholders and one of you passed away or became seriously ill, A share protection could help the remaining members buy the affected individual’s share of the business.