Corporate Business Protection Insurance

Corporate Business Protection Insurance is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual. It can ensure that your business survives and continues trading during difficult circumstances. To help ensure the long-term financial security of your business in the event of losing key people to death or critical illness you can take protection insurance for:

  • Life Cover
  • Serious Illness
  • Income Protection
  • Shareholder Protection

Shareholder Protection

Allows the remaining Partners / Shareholding Directors or Members to remain in control of the business following the death or specified critical illness of a business owner.

Paying out and purchasing the individuals shares placing them back into the company.

Life Cover – (Relevant Life)

A relevant life plan is a life insurance plan available to employers to provide individual death in service benefit for an employee.

This is aimed at:

Employers providing a ‘death in service’ scheme but their company does not have enough employees to set up a group scheme.

Directors wishing to provide their own individual ‘Death in Service’ benefit without taking out a scheme on all employees.

Key Person Protection

Put simply, this is a business insuring itself against the financial loss it would suffer if a key person in their business died or was diagnosed with a specified critical illness.
This policy is owned and paid for by the employer.
At Q, we provide a no cost review for the above products.
We arrange a convenient appointment at your place of work to take the time to understand your business and its requirements to be able to provide a bespoke service to you.

Business Loan Protection

Business loan protection is a life assurance and/or critical illness policy.
The money from a claim can be used to repay:
– Outstanding overdraft
– Loans – business
– Credit cards – business
– Commercial mortgage
– Director loan account (must be paid off upon death)

Contact Us

If you want to know more about our corporate business protection insurance, or wanted to talk more about your businesses’s needs, please get in touch with us.