Business Protection Insurance
Each business is unique, Business Protection Insurance is tailored to that business’s specific requirements
As experienced financial advisors, one of our primary aims is to help people receive quality insurance whilst ensuring that they subscribe to the right plan that is best suited for them. Within our services, we are pleased to offer multiple forms of insurance including business protection to ensure you feel safe and comfortable knowing your business is covered.
Our business protection insurance services are here to cover you in emergency situations including if someone becomes critically ill and if you are in need of key person protection insurance to help your company through this difficult situation if it were to happen. In addition, we can also offer shareholder protection insurance to provide your business with a secure safety net in case of a serious scenario. We believe that business protection insurance is an important part of future planning and we are pleased to offer further services relating to both health and welfare and finance and property including shareholder protection as well as private medical insurance that is tailored to your company’s needs. In addition to our business protection insurance services, we also provide protection for business continuity and succession planning. If you’d like to discuss your situation or any query you may have, please call 0333 567 8960.
There are many areas of a business that require protection, the lack of appropriate cover can result in that business cease trading. At Financial Service Solution, we work closely with the business owner, their accountant and solicitor to cover all the critical areas to the business. Business protection insurance is key to the survival of the business if something unexpected should occur.
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Key Person Cover
Shareholders Protection
The continuing shareholders are likely to need to be able to buy the shares from the deceased’s estate, or with his or her agreement, from the critically ill shareholder. It would be essential to have the funds in place and undiminished by tax.
Business Loan Protection
Business loan protection gives co-owners cover for any business loan payments that may be at risk, in the event of death or illness. Businesses can protect the full loan or mortgage amount with life cover, or life and critical illness cover. When a claim is made, the sum assured is either paid to the business or directly to the lender if the policy has been assigned.
It is important to understand each individual’s liability. Under the terms of a loan, owners may be jointly liable, severally liable, or jointly and severally liable for the repayment of the loan.
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Disclaimer: Financial Service Solutions Ltd has never now or has ever been involved with any companies of a similar name. Financial Service Solutions Ltd is an Appointed Representative of New Leaf Distribution Ltd. who are authorised and regulated by the Financial Conduct Authority. Number 460421
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