PROTECTION
Our insurance is your assurance
We want to help you protect your business and family against the potential impact and harmful consequences of unforeseen events.
The single greatest risk to any business is the impact that the owner’s or key person’s illness or death can have on the future viability of the business. Few firms have sufficient cover, but we can make sure you’re not one of them.
At any time, it’s important to consider how your loved ones might continue to enjoy financial security and their present lifestyle in the sad event of your death or the diagnosis of a terminal illness.
Why Business Protection?
Running a business can be challenging enough without unforeseen events causing disruption or putting business viability at risk. Research has found that more than 50% of small to medium businesses believe they would have to stop trading in less than a year after the death or critical illness of a key individual. While no one can predict the future, our Business Protection is here to help your company
continue to flourish should the business owner, a director or key employee suddenly become critically ill or pass away.
What is Business Protection?
The two key things that help a business flourish are certainty and stability. With Business Protection you can make provisions to ensure your company is not compromised in the event of you or a key member of staff suddenly becoming permanently unable to participate in the business.
Why is Business Protection important?
It’s every business owner’s wish that they and their key personnel are always fit, healthy and available to work but life has the cruel habit of delivering surprises that can disrupt business activity - from serious or terminal illness to sudden death. Every business must be ready to deal with the consequences of such unforeseen events and that’s where our Business Protection plays a vital role.
Key Person Protection
Our Key Person Protection helps safeguard your company against the financial impact of death, terminal illness where life expectancy is less than 12 months, or a specified critical illness of a key person*. Proceeds are paid directly to the business to help replace the key person and to cover any profit loss.
Shareholder Protection Insurance
If a shareholder in your company were to die, could you afford to purchase their share of the business? If not, there could be significant implications for the future of your business. A share protection arrangement enables the surviving owners to purchase the deceased owner’s share of the business and ensures that the deceased’s family is compensated directly.
Life Insurance
Life insurance helps to give your family financial protection should you pass away at any time within the lifetime of the policy. There are two aspects to life cover - the amount of money you would like to leave behind (the lump sum) and the length of time you want the cover to last. Once that’s been decided, you simply pay a regular monthly amount until the policy ends. In the unfortunate event that you die within the lifetime of the policy and you have maintained all monthly payments, the lump sum is paid to your family.
Critical Illness Cover
This insurance policy offers financial protection should you become critically ill during the lifetime of the policy and it pays out a tax-free lump sum that you can use in any way you choose. You may choose to use it to help cover your health-related costs, monthly living expenses or lost income while you recover.
When you choose level cover, you decide the amount and the period of the cover.
Income Protection
Income protection will provide a monthly payment in the event that you become ill or injured and cannot work. The policy will pay a proportion of your lost earnings to help cover monthly outgoings while you concentrate on recovery.
This insurance will provide you with either a fixed monthly benefit amount or a percentage of your earnings. The benefit amount can be paid for each eligible claim for a set period of time - from up to 12 months or until retirement.
