Business Protection Insurance - Various Business Protection Insurances Available
01252 861380Business Protection Insurance
Businesses may want to have business protection insurance cover to insure against loss of profits if a key person were to die or become critically ill. The key person could be the Managing Director, the key salesperson, the IT manager or some other person with special skills and knowledge, without whom the business will not function properly.
Business Protection Insurance will provide a fixed sum should a key individual be unable to work, or even die.
Business protection insurance is designed to cover the firm's expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business. It can provide a welcome cash injection into the business to sustain the ongoing viability of the firm.
Similarly, if a key shareholder were to pass away, the firm's remaining shareholders or directors may wish to purchase the deceased’s shares promptly to maintain control of their business.
At Pensions & Wealth Planning, we can advise you regarding:
- The most appropriate type of cover
- Who should be covered
- The level of cover required
- The term of the protection
We use the latest software to obtain the most competitive premium rates in the marketplace for the various business protection insurances available.