Business Protection Insurance

Key person
& shareholder cover
Loan protection
Business debts
Tax-efficient
Where structured well
What we arrange
✓Key person protection
✓Shareholder / partnership protection
✓Business loan protection
✓Relevant life cover
✓Employee benefit schemes
✓Succession & share buy-back
Protecting your business is essential for you, your staff and your family. We identify the vulnerabilities and arrange cover that keeps the business running if the worst happens.

Most business owners focus on protecting their property, equipment, and liability, but far fewer protect against the financial impact of losing a key person or business partner. Business protection insurance addresses these risks directly, ensuring that the business can survive and continue if a critical individual dies or becomes seriously ill.

Types of Business Protection

  • Key person insurance: Pays a lump sum to the business if a key revenue-generating employee or director dies or suffers a critical illness. The payout helps cover lost profits, recruitment costs, and business continuity during a transition period
  • Shareholder protection: Enables surviving shareholders to buy out the shares of a deceased or critically ill shareholder, preventing shares from passing to the deceased’s estate and into the hands of people outside the business
  • Business loan protection: Covers outstanding business loans if a director or guarantor dies, ensuring the business is not left unable to service its debt
  • Partnership protection: Similar to shareholder protection but structured for partnerships, enabling remaining partners to purchase the deceased partner’s share of the business

Why Business Protection Matters

Without protection in place, the death or serious illness of a key individual can have a devastating financial impact on a business, from lost revenue and clients to disputes over ownership and an inability to repay debts. Yet business protection is often overlooked until it is too late.

We work with business owners to identify their specific vulnerabilities, structure the right combination of policies, and ensure everything is set up correctly in trust where appropriate.

Discuss business protection for your company →

Business Protection, your questions answered

What is business protection?
It is cover that protects a business against the financial impact of losing a key person or owner through death or serious illness. It can keep the business running, repay loans, or fund the purchase of a departing owner's shares.
What are the main types?
Key person cover (protecting against the loss of someone critical to the business), shareholder or partnership protection (funding a buy-out of their share), and business loan protection (repaying borrowing if an owner or guarantor dies). We identify which your business needs.
Why can't we just use personal life cover?
Because the money needs to reach the business, or the right people, in the right structure, often with a trust and a cross-option agreement, to work as intended and be tax-efficient. Getting the arrangement right is where specialist advice matters.
How do you decide how much cover a business needs?
We look at the value each key person or owner contributes, outstanding loans and guarantees, and shareholdings, then size the cover and structure it correctly. We talk it through with you and, where needed, your accountant.