Business Protection Woking
Business Protection Insurance is a way of securing your business in the occurrence of death or severe illness. 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 required protection for all types of corporations. Many enterprises view Business Protection as a benefit when they should be factoring into their business plan. There are “Key” members of that business that keep the company ticking along smoothly. As a business manager – you should ask yourself …………………… “If I lost that staff member /associate/director due to ill health or death – how would that impact my business? And how could I financially future proof the impact that may cause?”
The Benefits of Business Protection
Business Protection Insurance guarantees that you, your workforce and the organization itself are covered in the event of death or illness by way of:
- Being given funds to keep the business operating in the event of death or sickness.
- You can use the funding to make up for the loss of important workers
- Protect corporate debt
- Potential tax advantages*
- Buy out a shareholder if they come to be vitally ill or buy their share from their estate if they die.
This is just a standard summary of the pros that could be presented to your company and our main advice would be – speak to our Business Protection Specialist Katie Pisanu on 01225 667182 – who can assist you through the very best 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.