If your business has a key member of staff who suddenly couldn’t come into work for the foreseeable future, what effect might this have on the business going forward?

Would there be costs associated with replacing this person? Loss of contracts or relationships? Repayment of loans?

Key Person cover allows the business to keep the impact of their absence to a minimum by paying a cash lump sum on the death or critical illness of the person covered. This could be used for many purposes such as wages, paying suppliers, replacement costs, help the insured’s family.

It can cover everyone from the business owners, directors, management, or anyone deemed to be important to the success of the business.


Keep control of your business if a shareholder or business partner dies or suffers a severe illness.

If a business owner dies or suffers a severe illness, their share of the business will usually pass to their family.

Their beneficiaries may not have the necessary skills to contribute to the business, or may have no interest at all and would prefer to sell their share.

Many businesses will not have the available capital to purchase and this could lead to serious financial problems and even a loss of management control.

With Shareholder and Partnership Protection, a lump sum is paid if a business owner dies or suffers a severe illness.

This lump sum provides the capital to enable the surviving business owners to purchase the deceased’s or incapacitated individual’s share of the business from the family, allowing them to keep full control of their business.

Business Loan Protection


If a business owner, director or key person within a business dies, lenders may demand that any outstanding loans are repaid. Business loan protection helps secure the business’s viability by providing a lump sum to cover any business debts.

These debts can include bank loan, commercial mortgage, director loan accounts or if you have given the bank personal guarantees relating to the business then Business Loan Protection could help you.



A Relevant Life Plan is a cost-efficient way of offering life cover to you or your employees. It’s tax efficient and typically premiums can be treated as an allowable business expense by HMRC.

With Corporation tax relief available, no additional income tax or National Insurance to pay.

It’s designed to pay a lump sum if employees or employed company directors die or are diagnosed with a terminal illness, while employed.

It can help attract and retain the best people as part of a benefits package. Tax free lump sum paid to family on death, or the employee / director themselves if diagnosed as terminally ill.

This type of cover is classed as a business expense and therefore is tax deductible.

put life cover on expenses


Executive Income Protection pays a monthly lump sum to the business in the event of an employee or company director taking time off work due to illness or injury.

The business can then use this benefit to fund the employee’s ongoing sick pay if they are unable to work as a result of them becoming incapacitated. This can help the employee to meet their financial commitments whilst not leaving them to rely solely on their savings or state benefits.


Attract and retain your most valuable asset – your team.

A private health care plan not only makes your staff feel valued and more secure, it can also act as a great incentive for people to join your business. Private health care alleviates time spent waiting for diagnosis and treatment and allows you and your staff to see medical professionals much quicker and therefore helps to reduce time off work

private health insurance


A trust is a legal arrangement allowing a person to transfer money or assets out of their estate and ‘gift’ them to someone else (the beneficiary). Ensures the proceeds are paid to the right person / people.

Proceeds are paid out quickly, no probate delay.

Helps reduce Inheritance tax liability as proceeds fall outside the estate on death.