BUSINESS PROTECTION

Business Protection

Key Person Protection

Businesses may want to protect the key employees within their firm – perhaps the key salesperson, or the IT manager without whom the business will not function properly. Keyperson protection can provide a fixed sum should the individual be unable work, or even die. The benefit will be designed to cover the firm’s expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.

If you are a Business owner, Business Protection for a key employee can be crucial, whether due to long term sickness, critical illness, terminal illness or death and should certainly be considered.

Shareholder Protection

Similarly, if a key shareholder was to pass away, the firms remaining shareholders or directors may want to purchase the deceased’s shares from their estate promptly to maintain control of their business.

This type of arrangement is also known as a cross – option agreement between business partners.

The policies can cover death, critical illness or long term sickness/injury.

Business Loan Protection

When you opt for Business Loan Protection, you can have confidence in knowing that you can still pay an outstanding overdraft, loan or commercial mortgage even if the loan’s guarantor for your company has died or has a critical illness leading to them being unable to work.

Contact us on 01752 666165 to discuss your Business Protection provisions.

Personal Protection

Financial products are sometimes at their most useful when they are protecting our families, our incomes or our property. Whilst insuring ourselves against an undesirable event such as sickness or even death may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.

There are many ways in which a family can protect itself, and because of the large range of products available there is usually an appropriate policy for most circumstances, and most budgets.

There are many different ways to protect your family and your standard of living when you need it most. For example:

• Relevant Life Cover / Relevant Life Insurance
• Critical Illness cover
• Income Protection
• Unemployment cover

Think about how you would manage financially if you had financial dependants and lost your job, were diagnosed as seriously ill or worse still lost your spouse or partner. How would you manage?

Contact me on 01752 666165 to discuss your personal protection requirements.