Business Insurance cover is vital to protecting your business against uncertain times in the future. There is a wide variety of insurance products to help you meet these needs, including business loan protection, determining a Key Person within the business and Relevant Life policies which can allow a business to provide Life Insurance and Critical Illness cover for yourself, the Key Person and any of your employees. As unbiased and independent insurance brokers, we are on your side in finding the most suitable insurance cover for your business.
What provisions do you have to protect profits or to repay outstanding debts or business loans? Are you covered for the financial impact on your business be as a result of the loss of a key person? Would there be a drop-off in income? What plans do you have in place to manage financially if the worst should happen? Having the right protection policies in place and identifying and protecting the Key Person could save your business in future from untenable costs and even closure.
In many cases your business can pay for Life Insurance and Critical Life Cover policies : for you and employees. Relevant Life Plan can be a more tax-efficient way for a business to provide life cover benefits for its employees on an individual basis rather than through a group scheme. Offering Life Cover and Critical Illness cover is a great benefit to your employees and can help you put together a very attractive package when seeking high achieving new staff.
Contact us today to find out more.