Business Cover

Minimise

Business disruption

The right cover can provide a financial safety-net, if you lose an important staff member. Providing the resources to find a replacement, if necessary, and cover the loss of profits from their absence, during the transition period.

Accelerate

The transfer process

Losing a shareholder can be disastrous but potentially even worse, is their next of kin is now a shareholder and can legitimately take dividends and influence business decisions, regardless of their contribution or ability. Appropriate cover, can eliminate those problems.

Accelerate

The transfer process

Losing a shareholder can be disastrous but potentially even worse, is their next of kin is now a shareholder and can legitimately take dividends and influence business decisions, regardless of their contribution or ability. Appropriate cover, can eliminate those problems.

Business Cover

Businesses run on people. Make sure you have the right covers and procedures in-place, whatever the outcome.

Key person cover

Protects business against the loss of key employees

You insure your vehicles, buildings and equipment against loss or damage. Doesn’t it make sense to insure the most important elements of your business, your people, against death or illness, as their loss is much more likely to have a catastrophic impact on your business?

Shareholder protection

Protects business against the loss of a shareholder

Losing a major shareholder can be terrible for a business. Having that shareholder replaced by their inexperienced spouse, who now owns the shares and any associated rights, can be catastrophic. Shareholder protection can give a business the money, and rights, needed to buy the shares back, without having to borrow the money elsewhere, or take it from working capital, with the impact that would have, even if it was possible.

Business loan protection

Covers loan debt against loss of key staff or shareholders

Banks are typically risk averse and may call in a business loan with no notice, if they view the prospects for a company don’t look rosy. Losing a key director or member of staff could easily be enough to make a bank call in a loan. Loan protection on key people, would allow your business to pay off the debt, without selling business or even personal assets, as other banks are unlikely to lend in these circumstances.

Executive income protection

Covers staff salary costs when they are ill

Allows a business to continue to pay key employees salaries when they are unable to work, due to a long-term incapacity, as a result of accident or illness. This is good for the business, as they continue to employ the valued member of staff and eventually they may return to work. It is also great for the employee, as they could continue to receive the large majority of their regular income, despite not contributing to the business.

We can assess the risks to, and protect, your business

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