Business Asset Protection

Business protection is all about insuring for the unexpected. Put simply, it’s a way of protecting a business should something go wrong. Business protection can help make sure a business continues to trade and allows the owners to maintain control while making sure dependants receive a fair value for their share of the business.

Why is this important?

With a business protection arrangement in place, if people become ill or die, your clients will be able to

  • keep their business trading
  • Replace key individuals
  • Provide employee benefits
  • Protect corporate debt, and buy out a shareholder, or their estate, if they become critically ill or die.

 

1 Department for Business, Energy & Industrial Strategy – Business population estimates for the UK and regions 2019, October 2019

2 Office for National Statistics – Sickness absence in the labour market 2018, November 2019