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Business Protection


What is business protection?

Business Protection is there to help business owners plan and prepare for the unexpected by ensuring the business can continue with minimal disruption following the loss of a key person (employees) or the business owners through death, critical illness or temporary incapacity. It can also be used to ensure repayment of a business loan in the event of death or critical illness of a partner, key person or sole trader.


What are the different types of business protection?

Key Person Cover, Relevant Life Cover & Shareholder and Partnership Protection are the main types. Business protection is available for partnerships (including Limited Liability Partnerships), shareholders, sole traders and key employees. There are different ways to set up the protection and this will depend on the type of business and its particular needs.

Did you know:


  • 52% of the UK’s small businesses think they would cease trading in less than a year, should a key employee die or be diagnosed with a critical illness and unable to work
  • 51% of business have some form of business debt yet only 2 in 10 use an insurance policy as security
  • Nearly half of businesses have no specific arrangements for their shares on death

Source: Legal and General

There are many different considerations to business protection including the use of trusts and taxation implications, we can help to tailor a solution to suit the needs of your business and beneficiaries.


Please note: You must keep up your premium payments on a policy to avoid the policy being cancelled.


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