Business Protection

What Is Business Protection Insurance?

Two women having a conversation at a round table near a large window with city buildings outside, one with long hair and a light-colored outfit, the other with curly hair and a dark outfit.

Business Protection Insurance ensures financial security for your company or company directors in the event of unexpected circumstances, such as the loss of a key employee, business owner, or shareholder. This type of cover helps businesses stay operational and financially stable during periods of uncertainty. It can also help the families of directors in the event of their passing.

Why Do You Need Business Protection?

A strong business relies on key individuals, and their absence can create financial strain. Business Protection Insurance helps you:

  • Cover financial losses caused by the death or serious illness of a key person.

  • Ensure continuity in leadership and operations.

  • Pay off business loans or financial obligations.

  • Provide financial security for employees and shareholders.

Types of Business Protection Insurance

Relevant Life Insurance – A tax-efficient life insurance policy for employees and company directors, providing financial benefits to their families.

  • Key Person Insurance – Protects the business against financial loss due to the death or incapacity of a critical employee or executive.

Consider the following when selecting Business Protection Insurance:

  • A woman with blonde hair and earrings sitting at a desk, holding a pen, with a laptop and smartphone on the desk.

    Identify Key Individuals:

    Determine who holds crucial roles in your company.

  • Person working at a cluttered white desk with a laptop, notebook, calculator, papers, a cup of coffee, and potted plants.

    Coverage Amount:

    Calculate financial risks and liabilities to ensure adequate protection.

  • Close-up of a smiling young man with short dark hair and a beard, wearing a light blue shirt, looking at a tablet device, with a woman with curly hair and dark skin in the background, holding a tablet and looking at the camera.

    Policy Type:

    Choose coverage based on business structure and financial obligations.

  • A diverse group of professionals having a discussion around a white conference table with laptops, documents, and office supplies in a bright room.

    Premium Costs:

    Compare insurers for cost-effective and comprehensive plans.

Get In Touch

Business success depends on stability. Protect your company’s future with Business Protection Insurance, ensuring financial security and seamless operations.

Our expert advisers can explore the whole of the market for you, to build the right policy with the right insurer for you. Please do get in touch

What our clients have to say

  • Donny from MSP was superb at helping me.

    Donny from MSP was superb at helping me get my initial mortgage as a first time buyer. He spent time guiding me through the process and answering all of my questions.

    When it came time to remortgage I knew I was in safe hands with Donny. He helped explain all the range of different options available and their respective pros and cons. Most importantly though, he helped me to lock in the best rate a few months prior to my remortgage date. With subsequent market movements it was great to have piece of mind that we had locked in early.

    I would have no hesitation in using Donny and MSP Financial again! Thanks again Donny!

  • I’ve always been impressed

    Chris Sykes at MSP Financial has handled all my mortgages over the years, and I’ve always been impressed by his professionalism and attention to detail. He doesn’t just find a deal and leave it there, he keeps an eye on things and always lets me know if there’s a rate drop or a better option available. Where other brokers might miss those opportunities, Chris makes sure I never do. He’s clear, thorough, and genuinely has your best interests at heart. Absolutely worth the fee for the level of service and peace of mind he provides.