Business Protection

Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong.


In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.
Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.

UK News

The PM urges EU leaders to focus their minds on getting a deal, saying talks will not be extended.
Poor accountability was to blame for severe rail disruption last May, a regulator has said.
The man who prompted Sunday’s major incident after ‘falling ill’ at a restaurant once hoaxed Prince Charles.
Councils bosses warn some authorities may have to be stripped back to the minimum to save money.
The DUP MP keeps his seat after less than 10% of his constituents sign a petition to force a by-election.