Business Protection
Protects your business and its people against the financial impact of losing a key person, director or partner.
How it works
We talk through your business and the people who are key to it
We introduce you to a trusted business protection specialist
They arrange the right cover, so your business is protected if the worst happens
Business protection covers the financial impact on a company if a key person — an owner, director or a specific employee whose skills or relationships are critical to the business — dies or is diagnosed with a critical illness. It pays out a lump sum to the business, helping cover lost profits, recruitment costs, or loan repayments while the business adjusts.
It's commonly used in a few specific ways: "key person" cover protects the business itself against losing someone essential; "shareholder protection" (or partnership protection) provides funds so remaining owners can buy out a deceased partner's share, keeping control of the business with the people running it.
Business protection is a specialist area, so rather than arranging it ourselves, we refer this to a trusted specialist who focuses specifically on it — we'll make the introduction and stay on hand if you have questions about how it fits alongside your mortgage.
Good if you…
- You're a director, partner or shareholder in a limited company or partnership
- Your business would be financially impacted by losing a key person unexpectedly
- You want remaining shareholders to be able to buy out a deceased partner's share
- You have business loans or commitments that rely on a specific person's involvement
Typically covers
- A lump sum paid to the business if a key person dies or is diagnosed with a critical illness
- Funds to help remaining shareholders or partners buy out a deceased owner's share
- Cover that can be structured around loan protection, key person cover, or share protection
- Policies tailored to how your business is structured — sole trader, partnership or limited company
Worth knowing
- We refer business protection to a trusted specialist rather than arranging it ourselves — we'll make sure you're introduced to the right person
- How a policy is set up (who owns it, who it's written in trust for) significantly affects how the payout is treated for tax purposes — this needs to be structured correctly from the outset
- Premiums and eligibility depend on the business's finances and the individual's role, health and lifestyle
- It's not a substitute for other business insurances, like professional indemnity or public liability cover
Common questions
No — business protection is a specialist area, so we refer it to a trusted specialist who focuses on this specifically. We'll make the introduction and can still help you understand how it fits alongside your mortgage and other protection.
Want to talk through business protection?
We'll talk through your circumstances and only ever recommend cover that genuinely fits — no pressure, no jargon.
This page is for general information only and doesn't constitute personal advice or a recommendation. Whether a particular type of cover is right for you — and how much — depends on your individual circumstances. We'll only ever recommend cover after a full conversation about your situation.
Other cover to consider
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