Business Protection

Overview

Our insurers' Business Protection policies focus on the importance of a key person, such as a director or partner, in running a business. They encompass accident, disability, sickness or critical illness and Keyman insurance rolled into one. They cover the effect that loss of a key person – either short or long term – may have on a business, its trading capability and its financial commitments.

Key Features

• Provides financial assistance for a business to meet its commitments, following a permanent or temporary disablement to a key person.
• A range of business protection covers are available.
• Provides funds to maintain the share value built up in the business, to purchase shares and immediately respond to staffing issues arising through short term or long-term disability or sickness.
• Rehabilitation costs of the injured/disabled person are also covered.
• Supports business continuity planning – ensuring a pre-planned process is in place for replacing key individuals.
• The business selects the indemnity required and the key person or persons to be insured.