Protecting your business comes in many different forms, one of which is business insurance. Whether you’re a sole trader, limited company director or small business owner, Business Protection facilitates a cash injection to help a business endure, should it experience the absence of a partner, shareholder or key employee.
At Trusted MPA, we offer a range of business protection services, including Key Person Cover, Relevant Life Cover, Shareholder Protection Cover and Business Loan Protection for small businesses and start-ups.
No matter who you are, what you do, or what protection you need, we’ve got you covered. We know that every business is unique, so our highly experienced team is on hand to provide you with personalised business cover that works for you.
Think about it…
Key Person Cover provides a financial safety net to cover the loss of a significant person in your business (such as a business owner, director or employee with specialist skills) should they be unable to work due to a critical or terminal illness or death.
This type of cover is ideal for businesses if they believe the loss of a key person would significantly impact their profits.
Attracting and retaining top talent often requires businesses to have high-quality benefits, and one such benefit that attracts employees is Relevant Life Cover – essentially a cost-effective way to provide life insurance to your employees.
This type of business insurance can be used as a death-in-service benefit and doesn’t fall under pensions legislation because they’re non-registered. Relevant Life Cover can be claimed as a business expense and doesn’t affect employee income tax.
If your business consists of more than one shareholder or business partner, Shareholder Protection Cover can help you.
Typically, if a shareholder or business partner dies or retires, their share in the business goes to their next of kin, but with Shareholder Protection Cover, shareholders and business partners can retain control of their business by purchasing the share of the retiring or deceased owner without the need for lawyers.
Business Loan Protection ensures businesses can pay off the money they’ve borrowed (such as a mortgage for the business premises or other business loans) in the event a business owner unexpectedly dies or suffers a critical illness.
This type of business insurance gives your staff and stakeholders peace of mind that if anything happens to you, they don’t need to worry about crippling debts because the business is covered and can pay off the loans.
Our appointments are no-obligation. Whether you want a quick chat, or want to discover
your options going forward, we’re happy to help.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Trusted Mortgage & Protection Advisors Ltd is registered with the Data Protection Act 1998 registration No: ZB531637 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 995607 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Trusted Mortgage & Protection Advisors Limited is Registered as a Limited Company in England & Wales Company No: 14766354. Registered office: 50 Hoyland Road, Hoyland Common, Barnsley, England, S74 0PB.
Think carefully before securing other debts against your home.
