Protect Your Business with Insurance in Bristol & Bath
Why Business Protection is Essential
If a key person in your business were to pass away or become critically ill, it could have serious financial consequences. Business Protection Insurance ensures your company remains financially secure in such situations by covering essential risks related to ownership, leadership, and key personnel.
At Strong Mortgage Solutions, we help businesses in Bristol, Bath, and surrounding areas find tailored insurance solutions that offer the right level of protection.
Book a Free Business Protection Consultation to explore your options.
Types of Business Protection Insurance Available
Every business has different needs, so having the right coverage in place is crucial. Here are the key types of Business Protection Insurance available:
Relevant Life Insurance
Relevant Life Insurance is a tax-efficient policy that provides a lump sum payment if a business owner, director, or employee passes away. Unlike standard life insurance, this policy is set up by the company and offers benefits to employees without being considered a taxable benefit.
Ideal for: Business owners, company directors, and employees looking for tax-efficient life cover.
Pros:
- Provides life cover while reducing tax liability.
- Beneficiaries receive a tax-free lump sum payout.
- Costs are covered by the business rather than the individual.
Shareholder Protection Insurance
Shareholder Protection Insurance ensures that if a business owner or shareholder passes away or becomes critically ill, the remaining shareholders have the funds to buy their shares. This prevents shares from being passed to family members who may not wish to be involved in the business.
Ideal for: Business partners and shareholders who want to protect the future of the business.
Pros:
- Ensures continuity by keeping shares within the company.
- Provides funds to purchase the shares from the deceased shareholder’s estate.
- Avoids legal disputes over business ownership.
Key Person Insurance
Key Person Insurance protects businesses if a vital employee, such as a company director, top salesperson, or highly skilled individual, passes away or becomes critically ill. The policy pays out a lump sum to help the business recover from financial losses associated with losing key personnel.
Ideal for: Businesses that rely on specific individuals for revenue and operations.
Pros:
- Helps the business maintain operations after losing a key team member.
- Covers recruitment costs for a replacement.
- Reassures investors and stakeholders about business stability.
How Much Does Business Protection Insurance Cost?
The cost of Business Protection Insurance depends on:
- The type of cover required – Relevant Life, Shareholder, and Key Person policies vary in price.
- The level of cover needed – Higher payout amounts will increase the cost.
- Age and health of insured individuals – Younger and healthier individuals usually receive lower premiums.
- Industry risk level – High-risk industries may have higher premiums.
Business Protection Insurance can be tailored to suit your needs, with policies available for various budgets.
Get a Quote to find the right cover for your business.
Why Choose Strong Mortgage Solutions for Business Protection?
- Local expertise in Bristol, Bath, and surrounding areas.
- Specialised cover for business owners, directors, and key personnel.
- Access to leading UK business insurance providers.
- Flexible consultations, available remotely or in person.
Book Your Free Consultation to protect your business today.
Areas We Cover for Business Protection Advice
We offer tailored business protection insurance advice in:
- Bristol (including Clifton, Redland, Bedminster, Southville)
- Bath
- Weston-super-Mare
- Portishead
- Clevedon
- Gloucestershire
- North Somerset
- Exeter
If you're searching for "Business Protection Insurance advisers near me," Strong Mortgage Solutions is here to help.
Frequently Asked Questions About Life Insurance
Contact Us Today if you have more questions or need expert guidance.
Secure Your Business’s Future with the Right Protection
Your business is an investment—protect it with the right insurance. We provide clear, expert advice to help you compare policies and choose the best cover for your company’s leadership, ownership, and key individuals.
- Book a Free Consultation to explore your cover options.
- Contact Us Today for more information.
