When it comes to insurance for your business, you’ve probably got it covered –
your premises, furniture, machinery and equipment, company cars and computers. But what the most valuable assets in your business – your people?
Business protection insurance can provide the funds and a framework to minimise or remove the financial impact of losing an individual on whom the business relies. It can be the difference between your company surviving or going out of business altogether.
Who we support
Business owners
Company directors
Business partners
Investors
Business Protection
Key person insurance
Key person insurance protects your business against the loss of an individual who is critical to the company, either through death or long-term illness.
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Shareholder protection
The sudden loss of a major shareholder can cause disruption in any business. Shareholder protection provides the funds for the remaining shareholders to buy back shares from the individual or beneficiaries and retain control of the business.
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Relevant life insurance
Relevant life insurance is a way of providing death in service benefits on an individual basis and is particularly effective for small businesses.
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Business loan protection
Business loans can be an efficient way to support investment, growth and cash flow. Would you be able to continue the loan repayments if guarantor were to die or suffer a serious illness?
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Why do you need a business protection strategy?
Smart business owners recognise that, in order to ensure future success, their business protection strategy is critical.
Putting plans in place to provide much needed funds and a framework to minimise or remove the financial impact of losing an individual whom the business relies on is essential. This enables the company to maintain revenues, protect its interests and maintain confidence with key partners, such as banks and suppliers.
Having the ability to settle any borrowing will take pressure off at a difficult time whilst adapting to new circumstances.
Ensuring the business remains in the right hands at the right time is important. If something unexpected were to happen to a shareholder or partner, you need to have the necessary means in place to retain control of the business.
Our team will work with you to develop and implement appropriate solutions to provide the stability you need to keep your business, your people and your livelihood protected.
Have you thought about:
- How will your business maintain confidence with clients and key suppliers in the event of a key person passing away or becoming critically ill?
- Who your business relies on for significant contribution to turnover and client introductions?
- Who has intimate knowledge of the inner workings or responsibilities such as people/operations management?
- How would you repay any business loans or debts if something were to happen to the individuals acting as guarantors?
- Whether you would be able to maintain your standard of living without support from the business?
- If you would have the financial ability to retain control of your company in the event of a shareholder or partner passing away or becoming critically ill?
Our Business Protection EcoSystem
Meet the team
Tom Klinkenberg
Managing Partner (Wellbeing, Health & Protection)
