What is business protection?
Business protection is an umbrella term for policies that protect a company if a key person, shareholder or guarantor dies or becomes seriously ill.
A well-structured plan can include key person cover, shareholder protection, relevant life insurance and business loan protection.
Key benefits
- Protects key people
- Supports business continuity
- Helps with loan protection
- Useful for directors and SMEs
Frequently asked questions
It depends on ownership, debt, key people and future plans. A review helps identify the main risks.
Yes. Many businesses use a mix of key person, shareholder and relevant life cover.
Yes. Many business protection products are designed for small and medium-sized companies.