Taking out business protection cover could make the difference between staying afloat or going under if the unthinkable were to happen. Whether a sole trader, a limited company or in a partnership, take that step today and protect your assets. Cover can be tailored to suit your business structure.
Business protection cover refers to insurance policies designed to protect a business against potential losses due to unexpected events, such as the death or disability of a key employee or owner, bankruptcy or other financial loss.
The purpose of this insurance is to help companies maintain operational and financial stability in the event of such losses. Examples of business protection insurance are key personnel insurance, business interruption insurance, and sales contracts.
If an insured shareholder, business partner or key person dies or is diagnosed with a terminal illness (life expectancy of less than 12 months) this policy will pay out a lump sum to the business.
How would business protection cover work for my business?
It can be structured to suit the company’s needs.
Life cover and critical illness cover are available.
Shareholder protection will pay a lump sum to other shareholders.
Business loan protection will pay a lump sum to pay off business loans.
Partnership Protection will pay a lump sum to other partners.
Take out business protection insurance today to keep your business afloat should the unthinkable happen.
We offer a range of other business insurance policies. Every company is different depending on their number of employees, nature of the service or products and many other factors.