Business protection: what to expect.
You’ll want the right type of insurance to support your business. The different types of business protection we can help you with are:
Key Person Cover
Provides a financial safety net if a key member of staff dies or is diagnosed with a serious illness (if critical illness cover is also selected).
Share and Partnership Protection
Helps business owners keep control of the company if one of them passes away or is diagnosed with a critical illness.
Relevant Life Cover (RLC)
Allows companies to offer a death-in-service benefit to its employees (including salaried directors).
Executive Income Protection
Provides a monthly payment to an employer if the insured employee can’t work due to illness or injury. The payments help to cover the cost of an employee’s sick pay as well as National Insurance contributions and pension scheme contributions, on behalf of the employee.
Business Loan Protection
Your business protection insurance policy provides a lump sum to cover your business loans and other credit facilities if a business owner dies or becomes seriously ill. In the event that you lose a business partner, you may want or need to repay outstanding business loans, some of which may have personal guarantees or have to be repaid when someone die.
Other protection services.
Click the tiles below to find out more about our other protection services at St. Clements Finance.
Life Insurance is a vital plan to help protect your family from the financial distress they could face if you were to die.
It’s important to make sure you’re covered against the financial impact a critical illness could have on you and your family.
