Oxford Business Protection Insurance
Business Protection Oxford
Business Protection Insurance is a way of securing your organisation in the circumstance of death or severe health issues. There are five different choices of Business Protection
- Key person insurance
- Partnership protection
- Relevant life protection
- Business loan protection
- Director/shareholder protection
- Sole trader protection
Business Protection Insurance provides essential protection for all types of businesses. Many businesses view Business Protection as a benefit when they should be factoring into their business plan. There are “crucial” members of that business that keep the organisation running smoothly. As a business owner – you should ask yourself …………………… “If I lost that staff member /partner/manager due to ill health or death – how would that impact my business? And how could I financially future proof the effects that may cause?”
The Benefits of Business Protection
Business Protection Insurance ensures that you, your personnel and the company itself are covered in the occurrence of passing away or illness by way of:
- Receiving funds to keep the business functioning in the event of death or health issues.
- You can use the funding to try to replace the loss of important people
- Protect corporate debt
- Potential tax advantages*
- Buy out a shareholder if they become vitally sick or buy their share from their estate if they die.
This is just a general overview of the benefits that could be granted to your company and our main advice would be – speak to our Business Protection Specialist Katie Pisanu on 01225 667182 – who can advise you through the preferred cover available for your company.
*we are not taxation experts or accountants so whilst on paper there are tax advantages you would need to consult with your accountant on how best to set the premiums and potential benefit up.