Whether you are self-employed as a sole trader, or run a small business with a number of employees, business protection can ensure that in the event of a death or serious illness, your business can continue running.

Most business owners don’t consider the implications of death or illness on how their business will continue to operate, but it is very likely to have a massive impact financially. You may need income to cover loan payments, replace lost profit if a Key Person is unable to work, or even pay for a replacement to take their place temporarily.

It is also vital to consider the consequences of the loss of a business owner – who will continue to run the business in their absence? Who will inherit their shares and will they want to run the business or sell to a third party? If you are a business owner you may also want to provide additional benefits to your employees, such as a life policy, which will pay out a lump sum on death to their family.

We can cover Key Person cover, Shareholder cover, Business loan protection and relevant life cover. If you would like to find out more about income protection, fill in the form below or call us on (0808) 196 6111 and we will be delighted to help.