Business Protection Insurance

Protect against possible Financial Losses

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Safeguard Your Business Future

Protect your business from financial loss due to unforeseen events.

Secure Your Key Personnel

Ensure your business continuity by covering your key employees.

Shield Against Financial Uncertainty

Minimize the impact of unexpected events on your business operations.

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What is Business Protection Insurance?

Corporate business protection is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual. It can ensure that your business survives and continues trading during difficult circumstances. To help ensure the long-term financial security of your business in the event of losing key people to death or critical illness, you can take out policies for:

  • Life Cover
  • Serious Illness
  • Income Protection
  • Shareholder Protection

Learn more about these types of policy below…

Allows the remaining Partners / Shareholding Directors or Members to remain in control of the business following the death or specified critical illness of a business owner.

Paying out and purchasing the individuals shares placing them back into the company.

Relevant Life Cover is a life insurance plan available to employers to provide individual death in service benefit for an employee.

This is aimed at:

Employers providing a ‘death in service’ scheme but their company does not have enough employees to set up a group scheme.

Directors wishing to provide their own individual ‘Death in Service’ benefit without taking out a scheme on all employees.

Put simply, this is a business insuring itself against the financial loss it would suffer if a key person in their business died or was diagnosed with a specified critical illness. This policy is owned and paid for by the employer.

At Q Financial Services, we provide a no obligation review for the above products. We arrange a convenient appointment at your place of work to take the time to understand your business and its requirements to be able to provide a bespoke service to you.

Business loan protection is a life assurance and/or critical illness policy.

The money from a claim can be used to repay:
– Outstanding overdraft
– Business loans
– Business credit cards
– Commercial mortgage
– Director loan account (must be paid off upon death)

Frequently Asked Questions

Business Protection Insurance provides financial security to a business in the event of the death or specified critical illness of a key individual, such as an owner, shareholder, or key employee.

It ensures the continuity and stability of the business by providing funds to cover financial losses, repay business loans, and purchase shares, thereby maintaining control within the company.

Common types include Shareholder Protection, Key Person Protection, Relevant Life Cover, and Business Loan Protection.

Business Loan Protection is a life assurance or critical illness policy that provides funds to repay business-related debts, such as overdrafts, loans, credit cards, commercial mortgages, and director loan accounts, in the event of the policyholder’s death or critical illn

Relevant Life Cover is a life insurance policy that offers individual death-in-service benefits for employees, typically used by small businesses or directors who want to provide benefits without setting up a group scheme.

It provides funds to the remaining partners or shareholders to buy out the shares of a deceased or critically ill business owner, ensuring control remains within the business.

Relevant Life Cover is a life insurance policy that offers individual death-in-service benefits for employees, typically used by small businesses or directors who want to provide benefits without setting up a group scheme.

Key Person Protection provides a payout to the business if a key employee dies or is diagnosed with a specified critical illness, helping to offset the financial impact and cover costs associated with finding a replacement.

Protect Your Business with Confidence

At Q Financial Services, we understand the unique challenges that businesses face. Our comprehensive Business Protection Insurance solutions are designed to safeguard your company against unforeseen events, ensuring financial stability and continuity. Schedule a no-obligation review with our experts today and let us help you secure the future of your business.

Contact us to learn more and take the first step towards protecting your business with confidence.