As a business owner, you can protect against the loss of a key person or actually any member of your team through death, illness or injury. It can be a particularly smart move for smaller businesses.
Key person insurance provides protection for the loss of a crucial member of staff – usually the owner or founder or perhaps someone who will not be easily replaced. A loss or a long term absence can cause considerable damage to a small business.
Relevant life cover enables your business to take out tax efficient life insurance without or alongside a pension scheme. Relevant life plans can be particularly beneficial for small businesses that don’t have enough eligible employees to warrant a group life scheme.
Share protection cover allows the remaining partners, shareholding directors to purchase the deceased owner's share of the business from the deceased owner's estate.
If you'd like to find out more about the benefits of getting business cover with Home of Mortgages, call 020 8517 1141 to speak to one of our expert advisors.