Protection for business owners and the self-employed
When you are the business, the right cover protects your income, your family and the company itself.
Employees often have death-in-service and sick pay to fall back on. Business owners and the self-employed usually do not, which makes personal and business protection more important, not less. The good news is that the right structure can be tax-efficient as well as robust.
Protecting your income and family
Income protection replaces a portion of earnings if illness or injury stops you working, and life and critical-illness cover protect your family against the worst. For directors, relevant life cover can provide personal life insurance paid for by the company in a tax-efficient way.
Protecting the business
Key-person cover protects the business if a crucial individual is lost, and shareholder or partnership protection lets the remaining owners buy out a departing shareholder’s stake. Speak to an adviser about the right combination for your situation.
This article is for information only and does not constitute financial or protection advice. Cover terms and tax treatment depend on individual circumstances.
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