If you are running a business, have you thought about the impact on the business if one of your key people in the business was to die? - for any business, the most important part of the business is the people. The majority of businesses will insure the business premises, office equipment, vehicles, stock and so on but overlook the main asset of the business – the key people

Business Protection helps to protect businesses from the potential financial losses incurred should the owner or a key person die or be diagnosed with a terminal or critical illness

There are 3 types of Business Protection:

Key Person – should an owner or key person die or be diagnosed with a terminal or critical illness, a lump sum will be paid to the business to help cover potential loss of profits and to cover costs of finding a replacement

Loan Protection – ensuring that any business loans, bank loans and director loans accounts are paid off with a lump sum in the event of death or terminal or critical illness of one of the Directors

Share-Ownership Protection – in the event of a shareholder of the business dieing or suffering a terminal or critical illness, a lump sum payment will be available to the remaining shareholders to purchase the share of the business

Firstxtra can provide full advice on these important areas to ensure that you have the right cover in place at the most competitive premium.