Business protection insurance.
Protecting a business isn't only about buildings or equipment. A business can also depend on the people who generate income, manage clients and make decisions.
Friendly advice, tailored to your circumstances. Product terms, underwriting and exclusions apply.
How does this cover work?
Business protection can involve several distinct arrangements: key person cover for lost trading capacity, relevant life benefits for employees, shareholder or partnership protection to support ownership succession, and business loan protection for certain liabilities.
The right amount and type of cover depends on what you want to protect, your existing arrangements and your budget. An adviser can explain which features matter and what a policy may not cover.
Things worth checking
- Start by identifying the risks: loss of a key individual, debts, ownership succession or staff welfare.
- Structure ownership, beneficiaries and trusts appropriately; shareholder and business-loan cover require specialist consideration.
- The tax position and treatment of premiums and proceeds are not uniform across different business protection arrangements.
Frequently asked questions.
Is key person cover the same as relevant life cover?
No. Key person insurance generally protects the business from disruption, while relevant life cover is intended to benefit qualifying employees' nominated beneficiaries.
Can cover help other shareholders if a director dies?
Shareholder protection arrangements may help fund a share purchase after a specified event. Legal agreements, valuations, policy ownership and professional advice are important.
Not sure what to choose?
We can talk through your priorities, existing cover and available options, with no pressure to take out a policy.
Talk to a protection adviser ↗No policy provides cover for every eventuality. The insurer's terms, conditions and exclusions determine the benefits payable.
Related protection options.
Key person insurance
Could your business absorb the loss of a founder, specialist or major revenue generator? Key person cover can help protect trading continuity following a qualifying death or critical illness.
Explore coverRelevant life insurance
Company-funded life insurance can be a way for a business to provide an individual death-in-service benefit to an eligible employee or director, without a full group scheme.
Explore coverEmployee benefit protection
Group protection benefits can help employers offer meaningful support to their teams, from death-in-service cover to income protection and healthcare.
Explore coverFurther information: Government guidance: business key-person risks ↗ This is general guidance, not a personal recommendation or tax advice.