Most small to medium sized businesses rely on a handful of key decision makers to maintain and grow profits – their knowledge about the company and the industry it operates in can easily be under-estimated, especially as their dedication and drive becomes ingrained over the years.
The value of these people should not be underestimated. We believe that planning for eventualities like these can save a lot of time, trouble and effort in the future.
Main types of business protection:
- Shareholder protection – Stay in control of your company in the event of a shareholder falling critically ill or passing away.
- Key person protection – Insure your company against the financial loss it would suffer if a key person in your business dies or is diagnosed with a specified critical illness.
- Business loan protection – Designed to cover your loan repayments if an unfortunate event happens during the time when you are still liable to pay back the lender for a subscribed loan.
- Management buyout/buy in
*The financial conduct authority does not regulate some forms of commercial finance and employee benefits.