Business Protection with Assured Protect: Safeguarding Your Company’s Future
As a business owner, you know that the road to success is filled with both opportunities and risks. At Assured Protect, we provide robust business protection insurance designed to shield your company from unforeseen challenges. Our comprehensive policies ensure that your business can continue to thrive, even when the unexpected occurs.
What is Business Life Insurance?
Business Life Insurance is simply a policy (or portfolio of policy arrangements) implemented to protect your business from what could be financial hardship as a result of losing a Director, Shareholder or an employee.
Typically it is the business that understands the actual risk and wants to cover themselves by taking out the policy, and the Company pays for the premiums.
Depending on the type of policy you have taken out, the benefits can be set up that either the business will receive the pay-out, or the individual and their family will receive it.
Business Life Insurance can also be a beneficial way of offering perks to your employees, as well as protecting the future of the business.
No matter what type of business, company or organisation you own and operate, including our core sector of Ltd Company BTL landlords who have BTL mortgages to cover, Assured Protect offers a comprehensive Client-centric service based on experience and expertise.
What We Offer:
Tailored Business Insurance Solutions: Whether you’re managing a small business or a large property portfolio, we offer personalized insurance plans that align with the unique needs of your company. Our flexible policies provide essential coverage for shareholder protection, relevant life insurance plans, business loan protection and key person cover.
For Sole Traders; If you’re a sole trader, you can get business life insurance in the following ways: Key Person Protection: Protects your business if a key person dies or becomes critically ill. Business Loan Protection: Covers outstanding business loans if you pass away. Relevant Life Plan: This is designed for employees, so it’s usually not for sole traders themselves—but can be used if you employ staff.
Key Person Protection; this is insurance that helps a business cope financially if an important person in the company dies, is diagnosed with a terminal illness (with less than 12 months to live), or (if added for an extra cost) suffers a specified critical illness. It provides a payout while the policy is active, helping the business manage the impact of losing someone essential to its success.
Share Protection: is a type of business insurance that helps the remaining owners keep control of the business if one of them dies or (if added for an extra cost) is diagnosed with a specified critical illness. If a valid claim is made while the policy is active, it pays out so the surviving owners can buy the affected person’s share of the business. This helps ensure the business stays in the hands of the remaining partners or shareholders.
Business Loan Protection; is tailored life insurance that helps a business repay its loans if the person guaranteeing the loan dies, is diagnosed with a terminal illness (with less than 12 months to live), or (if added for an extra cost) is diagnosed with a specified critical illness. If this happens during the policy term, the insurance pays out enough to clear the outstanding loan, helping to protect the business’s finances.
Relevant Life Insurance; is a plan which is a tax-efficient way for a business to offer life insurance to an employee. It provides a payout if the employee dies while the policy is active. Unlike traditional group life insurance, it doesn’t count towards the employee’s annual or lifetime pension limits. It’s a good option for employers who want to offer death-in-service benefits without joining a large group scheme.
Why Choose Assured Protect?
Comprehensive Coverage: We understand the unique challenges businesses face, which is why our business protection insurance covers a wide range of risks, providing peace of mind that your company is fully protected against the unexpected.
Personalised Plans: Every business is different, and we believe that your insurance coverage should be just as unique. We take the time to understand your business’s specific needs and risks, offering customized solutions that provide the best protection for your company.
Affordable and Competitive Rates: Business protection doesn’t have to be costly. Assured Protect offers competitive pricing on all our business insurance policies, helping you secure the coverage you need without exceeding your budget.
Expert Support: Our team of insurance experts is here to guide you through the complexities of business insurance. Whether you need help understanding policy details or filing a claim, we’re always here to provide reliable support and advice.
Get started with your business protection insurance today
Protect yourself, your business, your staff and your liabilities with our comprehensive range of policies.
Secure the protection you need to safeguard those you wish to protect.
Contact us today for a callback to get more information and a tailored quote for your business protection requirements.