Business Protection - For Your Business & Family

A business protection plan can be used to protect a business owner and their family against the financial impact of critical illness or death.

Business Owners Are Different In 3 Ways

Providing for their family is entirely up to them - typically no employer benefits on death
They have a business that will make some provision - though this is usually overestimated
The future earnings of the business are dependent on business partners and other members of staff - though this is usually underestimated.

Business Protection Can Provide A Lump Sum Payment Which Can Be Used To:

Retain control of the business in the event of a co-owner’s death
Ensure your family can sell their share of the business at a fair price in the event of your death
Reduce the financial impact of the death of a keyperson within the business