Running a business can mean unpredictable situations. With a business protection policy, you can protect your company financially when you as an owner, or your employees, are affected by illness or death. It helps you to plan for the unexpected by providing cover so that the business can continue without disruption in the event of death, critical illness or temporary disablement.
A keyman cover insurance is taken out on behalf of a private company or organisation and is designed to protect your business against the financial loss of an important or ‘key’ person in your team. The lump sum is paid to the company to cover the costs of replacing the individual or to cover the loss of profit due to their absence.
A Relevant Life Plan is a term assurance available to employers to provide an individual death in service benefit for an employee. It pays a lump sum if the person covered dies during employment of the policy term. A Relevant Life Plan is paid for by the employer. Company Directors can offset any premiums paid against the profit of the business for tax purposes.
Speak to one of our expert advisers regarding protection for your business today by 020 8154 7280 or click here to arrange a callback.
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