Insurance
The future can be unpredictable. Adequate protection for you, your family and your business is critical in a world where anything can happen:
- If you died, would your partner be able to support themselves and your family?
- What would happen to your business if one of your vital members of staff were to leave or died suddenly?
The insurance market is highly competitive, flooded with products that are detailed and complex. Contact us today to make sure you’re covered.
We will advise you as most appropriate based on your exact insurance needs, but here’s a summary of the products you should consider:
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For you and your family |
For your business |
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In return for set regular monthly payments that you make (your monthly “premium”), Life Assurance policies pay out either a lump sum or series of monetary amounts if you die. This money could be used by your family to pay for outstanding debts like a mortgage or to provide them with an ongoing income.
Critical Illness Cover will pay you a lump sum if you are diagnosed with a serious illness like cancer, kidney failure or a heart attack. You could use the payment to fund treatment or to pay off any debts you may have so you can concentrate on recovery or managing your illness in the future.
Income Protection Policies (or “Permanent Health Insurance”) will pay a proportion of your monthly income until the end of the policy term if you become unable to work as a result of an accident or sickness.
For your business
Running your business will leave you with little or no time to consider what protection it needs. If a shareholder were to die, there could be significant implications for the financial stability and continuity of your company.
In order to maintain control and momentum in the event of the loss or incapacitation of a shareholder, you should consider Shareholder Protection. You can arrange policies that could provide you with the funds to buy the shares that become available, or prevent competitors or hostile companies from buying them, and even provide financial support for the dependents of the shareholder.
Your business could also be at risk if you were to lose a partner. Their share of your business could pass to a relative who has no interest in allowing it to continue. Partnership Protection will afford you the means to buy the deceased partner’s interest, reach an amicable agreement for their dependents or provide suitable compensation to the partner if they become unable to work through accident or illness.
The death or serious illness of a vital member of your staff could have huge implications for your business. The lengthy recruitment and training process may severely impact profits, you may be unable to recoup the lost knowledge or uphold financial commitments and staff morale will be damaged.
Key Man Cover:
- can provide financial support for the recruitment process,
- highlights your company’s ability to prepare for the future, and
- can help maintain credit ratings through difficult transitional periods.