• Business Related Life Insurance Protection

Looking to protect your business affairs should the unexpected happen? Look no further!

We have a range of affordable and comprehensive products available and a 5* claims handling service, so that if you ever have to make a claim, you can trust that everything will taken care of.

We offer the following Business Related Life Insurance Protection:

Key Person – Protect your profits if you lose an employee through death, disability or severe illness. Many businesses find that certain key individuals are responsible for a large part of their profits. Losing one of them can have a serious impact on the health of the business. Key Person Cover, you can keep the impact of their absence to a minimum. If the key person were to die or suffer from a severe illness, the policy pays a lump sum to make up for any loss in revenue or profits, thereby keeping the business on track.

Shareholder/Partnership Cover – Allows you to keep control of your business if a shareholder or business partner dies or suffers a severe illness. If one of your business owners dies or suffers a severe illness, their share of the business will usually pass to their beneficiaries. To regain full control of the business, the surviving business owners will need to buy the deceased’s or incapacitated individual’s share of the business to keep control. Many businesses will not have the available capital to do this. Shareholder and Partner Protection, a lump sum is paid if a business owner dies or suffers a severe illness. This lump sum provides the capital to enable the surviving business owners to purchase the deceased’s or incapacitated individual’s share of the business – allowing them to keep control of their business.

Loan Protection – Covers your business loans if a shareholder or a business partner dies or suffers a severe illness. If one of your business owners dies or is suffering from a severe illness, lenders may have the right to demand that you pay back any outstanding loans. These could be difficult to pay off at short notice. Our Loan Protection solution means you won’t have to worry. If a business owner dies or becomes seriously ill, it provides a lump sum to cover your business loans.

Relevant Life Cover – Allows you to offer your employees a wide-ranging benefits package which not only rewards them but helps them to live life well. Healthy employees are likely to:

  • be more engaged
  • take less time off sick
  • be more productive

Having a Relevant Life Policy can also help with recruitment and retention.

Death In Service – Many companies offer their employees a “Death In Service” benefit, paying the employee’s family a lump sum if they die while they are employed.

Health Insurance – Gives you the peace of mind that, should you or one of your employees ever need it, they’ll enjoy fast access to high-quality in-patient and day-patient diagnosis and treatment, meaning that they can return to health and work more quickly.