Business Protection
Running a business comes with responsibility, not just for yourself, but for the people who depend on you, and the employees who help make your business a success. Business protection is all about ensuring that if the unexpected happens, your business can keep running, and everyone who depends on it is financially secure.
Director & Key Person Protection
For directors and key employees, there are several ways to protect your business and your income:
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Key Person Cover – provides a payout to the business if someone essential (like you or a key employee) is unable to work due to illness or death.
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Shareholder Protection – ensures surviving business owners can buy your share if you were to pass away, giving your family the value of your ownership without leaving them involved in business matters.
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Relevant Life Cover – a life insurance policy arranged through the company for directors or key employees. It’s tax-efficient and pays out directly to your loved ones.
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Executive Income Protection – replaces your salary if you can’t work due to illness or injury. Premiums are usually paid by the business, providing tax efficiency while keeping your income flowing.
Group Protection for Employees
Your team is your business, and group protection allows you to offer life cover, critical illness, or income protection to your employees in a tax-efficient way. Premiums are generally deductible against corporation tax, making it a cost-effective way to look after your people. This not only helps protect your employees but also shows your business cares about their wellbeing, which can boost morale and loyalty.
Private Medical Insurance
Offering private medical insurance (PMI) through your business gives employees quicker access to medical care, reducing downtime and improving wellbeing. Premiums are often tax-deductible for the company, making it a cost-effective benefit that keeps your team healthy and productive.
There are other types of business protection too, depending on your business structure and needs, but these are the main policies most business owners find essential.
I work closely with business owners to design protection plans tailored to their company and team. The goal is simple: ensure financial security for the business, its directors, and its employees, so you can focus on growing your business with confidence.
​In summary, insurance is a critical component of financial planning and risk management. It provides a safety net, ensuring individuals and their families are protected against unforeseen events that could otherwise lead to significant financial hardship
As with all insurance policies, conditions and exclusions will apply.