Business protection insurance protects a company financially when its owners or employees are affected by illness or death. It can help support owners in making sure their business survives in challenging times.
The death or critical illness of a key employee or co-owner can seriously impact a business, financially as well as the loss of key knowledge. Business protection can help ensure the long-term financial health of the business during difficult circumstances.
We recognise the importance of safeguarding your business interests. Business Protection cover is designed to offer peace of mind that your enterprise's future remains secure, irrespective of the challenges it may encounter. We understand that selecting the ideal protection strategy can be a daunting task, that’s why we are here to identify your precise business needs while ensuring they fit within your financial budget.
It is equally imperative to regularly assess and adapt your existing protection policies, particularly when there are alterations in your business circumstances. Changes such as mergers or separations, fluctuations in your financial obligations, the expansion of your operations, or any other significant corporate developments necessitate a thorough review.
At Abbey House Mortgages, we understand that life can be unpredictable. That's why we're here to help you safeguard your business with our comprehensive protection solutions.
Protection cover is not just a policy; it's a promise to provide security and peace of mind in uncertain times. With our expert guidance and personalised service, you can take the first step towards securing your businesses future.
Life Cover (Non-Investment) and Income Protection
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Critical Illness Plans
The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.
Types of Business Protection Cover
Share and Partnership Protection
Share and Partnership Protection is a life insurance policy that delivers a lump-sum benefit in the event of death or terminal illness. This payout empowers fellow shareholders and partners with the financial means to buy a share of the business and retain control of the business.
Key Person Protection
Key Person Protection is a comprehensive life insurance package that encompasses the possibility of critical illness coverage. Its primary purpose is to safeguard your business against the potentially financial impact of losing a key person. This cover can facilitate the swift replacement of the key person, mitigate the impact on profits, and sustain uninterrupted business operations.
A key person is any member of staff who has a direct impact on the business's profits. They could be a business owner, director, or any employee with specialist skills.
Key Person Income Protection
Key Person Income Protection is an invaluable asset in shielding your business from the consequences that arise when a key employee faces illness or injury. This coverage provides a regular monthly benefit, affording you the flexibility to secure a temporary replacement, fortify profit margins, or ease the burden of business loan repayments.
Executive Income Protection
Executive Income Protection helps small business protect against the financial impact of their employees becoming ill or injured and unable to work by paying a monthly benefit to the business. This invaluable coverage provides a regular monthly benefit directly to the business, affording the flexibility to maintain ongoing sick pay, dividends, and P11D benefits, among other crucial financial commitments.
Here's how we can assist you:
- 01 Tailored Protection
Our experienced brokers work closely with you to understand your business needs. We customise plans to fit your requirements, ensuring you have the right amount of protection to safeguard your businesses future.
- 02 Expert Advice
Business protection is complex, but our team simplifies it for you. We offer clear explanations and expert advice, empowering you to make informed decisions about your business’ financial security.
- 03 Multiple Options
Choose from a range of products, including Key Person protection, Share and Partnership protection, Executive income Protection and Business Loan Protection.
- 04 Fast and Easy Process
We streamline the application process, ensuring that you can secure your business cover quickly and hassle-free.
Ready to Start? Get in Touch
Don't leave your Business' financial security to chance. Our expert brokers are ready to guide you through the process, answer your questions, and help you choose the perfect plan to protect your Business' future.
Here's What Our Customers Have To Say About Us
Don't just take our word for it, our clients say it better than we ever could!
D Bates
Hucknall
I can highly recommend Cheryl when looking for mortgage advice. I was actually advised that my best option was stay with my current provider and helped me decide on the most suitable rate regardless of the fact it did not benefit her in any way! I will definitely use Cheryl again in the future. Thank you so much for your help!.
Angela Adams
Annesley
Fabulous service received by Cheryl. She took the time to explain all products that were available to me and the pros and cons of each. I was very well informed and have recommended her to my friends and colleagues. 5*!
Emma Eastwood
Bulwell
Cheryl was absolutely brilliant for us, would highly recommend, very professional, caring, and didn't give up until she got us the best deal with our mortgage. She also gave us the very best advice we could have wished for, she really, really helped us and can't thank her enough xx
Oliver Fletcher
Basford
Cheryl was great to deal with. Understood my needs and was quick coming back with suggestions. Will definitely use next time.
Get In Touch
Postal Address:
The Abbey House, 17 Palmer Ave, Hucknall, NG15 7AN