As a business owner, you can safeguard against the death, illness, or injury of a critical employee or any other member of your team. It's a smart approach for small firms in particular.
The loss of a key member of staff – usually the owner or founder, or someone who is difficult to replace – is covered by Key Person Insurance. A small business can be severely harmed by a loss or an extended period of absence.
Relevant Life Insurance allows your company to get tax-efficient life insurance without or in addition to a pension plan. Relevant life plans might be especially advantageous for small organisations without enough eligible employees to justify a group life plan.
Share Protection Cover allows the remaining partners and shareholding directors might purchase the deceased owner's stake of the business from the estate of the deceased owner.