Business Protection Advice, Exeter, Plymouth & Devon
Business Protection – Partnership & Shareholder Protection
Business Protection Insurance is an excellent way of protecting your business in event of death, sickness or injury of a shareholder, partner or key worker of the business. Basically there are five key elements to Business Protection Insurance:-
- Key person insurance – also known as Keyman insurance
- Director/shareholder protection
- Partnership protection
- Business loan protection
- Sole trader protection
Business Protection Insurance clearly provides a protective shield for all types of companies and businesses. It is all too common for companies or Businesses to view Business Protection Insurance as an optional extra. It would be a far safer way of trading to consider Business Protection Insurance as part of the business plan from the first day of trading.
Businesses all over the UK cease trading for all sorts of reasons but many of which could be prevented had they had some form of Business Protection Insurance in place.
Is Business Protection Insurance necessary?
Business Protection Insurance ensures that you, your co-workers and the business itself are insured for the unexpected. When Business Protection Insurance is in place and you experience the unexpected you can:-
- Keep the business trading
- You can replace key individuals
- Protect corporate debt
- Buy out a shareholder if they become critically ill or buy their share from their estate if they die.
I am sure that the information provided gives you an basic idea of what Business Protection Insurance is and how it is important to the successful running of your growing or established business.
The information provided is basic, but it outlines what is important.
Please give me a call so that I can discuss your specific requirements for Protection Insurance for your business in Exeter, Plymouth and Devon in more detail.