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.
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 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:
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:
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:
The cost of Business Protection Insurance depends on:
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.
Book Your Free Consultation to protect your business today.
We offer tailored business protection insurance advice in:
If you're searching for "Business Protection Insurance advisers near me," Strong Mortgage Solutions is here to help.
Premiums vary based on age, health, and cover amount, but they can start from £10 per month.
Yes, but premiums may be higher depending on the condition. Some insurers offer specialist policies for people with health issues.
Some policies allow you to increase cover if your circumstances change, such as having children or buying a house.
If you stop paying, your policy will lapse, and no payout will be made.
Even without dependents, life insurance can help cover funeral costs or leave a legacy to loved ones.
Contact Us Today if you have more questions or need expert guidance.
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.
We understand that from time to time our clients may find themselves dealing with circumstances that could mean they are potentially vulnerable. For example, a change in health, caring for a family member, or coping with the loss of a loved one. There are many different types of vulnerability, and what makes one person vulnerable might not affect someone else. When we are vulnerable, our need for financial advice may change. However, admitting vulnerability or seeking help can sometimes feel hard.
If this is something you would like to discuss with us, please ask for a copy of our support guide or download a copy here. This guide is designed to help explain vulnerability and the ways in which we might be able to support you. If you feel any of the circumstances in the brochure apply to you, please talk to us
Approved by The Openwork Partnership on 26/02/2025.
Strong Mortgage Solutions is a trading name of Martin Strong which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Copyright Strong Mortgage Solutions. All rights reserved.