Business protection
Protects a business against the financial impact of losing a key employee or director through death or serious illness, helping the business stay financially stable during a difficult transition.
Key benefits
What's typically included
Important to know
Every policy is different, so exact exclusions depend on the insurer and your individual circumstances. Common exclusions to be aware of include:
Common questions
Quick answers to the things people ask us most. Can't find what you're looking for? Get in touch and we'll be happy to help.
Our Blackburn-based advisers are happy to talk it through, with no obligation.
This is usually someone whose skills, experience, or relationships are critical to the business, such as a founder, director, top salesperson, or specialist technical employee.
The business itself is normally the policy owner and beneficiary, and the payout is used to help the business manage the financial impact of losing that person, rather than going to their family.
This is usually based on factors such as the individual's salary, their contribution to profit, or the estimated cost of recruiting and training a replacement. An adviser can help calculate a suitable figure.
Yes, a business can take out separate policies for multiple key individuals, depending on who is considered critical to its ongoing operation.
Tell us what matters to you and one of our advisers will help you explore your options.