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Business protection

Safeguarding the future of your business

Losing a key individual can disrupt operations, finances, and even the survival of the business. Business protection provides stability and continuity.

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Business protection
Why business protection matters

Business insurance helps protect your company from unexpected risks, costs and disruptions

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Who is business protection for?

Business protection is designed for business owners, directors, shareholders, and partnerships of all sizes. It is especially relevant where the loss of a key person would have a significant financial or operational impact on the business.

It covers risks such as the death, serious illness, or long-term absence of key individuals. It can provide funds to replace lost expertise, protect profits, repay business debts, or enable remaining owners to retain control of the company.

Business protection solutions

Relevant Life Policy (RLP) – life cover arranged by a company for an employee or director, with tax efficiencies.

Executive income protection – covers an employee or director’s income if illness or injury prevents them working.

Key person protection – financial support if someone critical to the business dies or becomes seriously ill.

Shareholder protection – ensures shares can be bought back if an owner passes away or is critically ill.

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How we help

We work closely with you to identify risks within your business and recommend appropriate solutions such as key person protection, shareholder protection, or relevant life policies. We also liaise with accountants and solicitors where needed to ensure everything works together. That way your business has a clear plan if the unexpected happens.

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HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

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Frequently asked questions

Businesses of all sizes. Sole traders, partnerships, and limited companies all face risks if a key individual dies or becomes seriously ill.

It allows a company to provide life cover for employees or directors, with tax efficiencies compared to personal cover.

If a shareholder dies, the policy pays out so the surviving owners can buy back their shares, keeping control of the business.

It depends on the type of cover and your company’s structure. We will explain the rules and liaise with your accountant where needed.

It protects a business financially if a key employee or director dies or becomes critically ill, helping cover lost profits or recruitment costs.

Yes. Business loan protection ensures outstanding debts can be repaid if a guarantor or director passes away or becomes seriously ill.

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