Business Protection Insurance | Business Protection | Spectrum FA

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Business Protection Insurance

It’s not something most of us want to think about, especially when business is going well, but the death or critical illness of key personnel within your company can have a huge impact on the business profits. This may have the potential to ruin your business and add unnecessary stress to an already difficult set of circumstances. That’s why it makes good business sense to plan for every eventuality in advance and protect your business. Spectrum FA are experts in all types of business protection insurance, including:

Shareholder Protection

Keyman Insurance

Relevant Life Plan

Directors Life Insurance

Business Loan Protection

Group Protection

What Is Business Protection Insurance?

Business Protection Insurance advice offered by Spectrum Financial Advice, is a comprehensive and strategic safeguard designed to protect your business against unpredictable events such as death or a critical illness.

Whether it’s to protect a a loan, a director, or an essential shareholder, these types of insurance assures that your business and its profits are protected and can continue to trade if the unforeseen should happen.

We work with you to secure and protect your most valuable assets, key employees and business.

At Spectrum Financial Advice we understand that safeguarding your business involves a number of key choices.

So, what is Business Protection Insurance? It’s more than a policy; it’s a solution to secure your business’s future.


What is Business Protection Insurance?

Shareholder Protection

How would your business respond should one of the owners/shareholders die or be diagnosed with a critical illness? Besides losing the valued input of that person, their share in the business may well be inherited by their family, who could have little or no interest in your business and may even sell that share to a competitor.

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Key Person Protection

Keyman Insurance (Key Person Protection Insurance) is a policy taken out by a business on their most important employees. By insuring your ‘key’ employees your business can ensure it will continue to trade in event of their loss due to death or critical illness.

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Relevant Life Plan

Many businesses wish to offer additional benefits to their valued employees (including Directors) as part of a comprehensive scheme, and life insurance often forms the foundation of such a package. A Relevant Life Plan enables your business to provide life insurance cover with an option to also add significant illness cover, for your employees.

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Business Loan Protection Insurance

Business Loan Protection Insurance is an insurance policy taken out by a business to help pay any outstanding loans or other borrowings should the named guarantor die or become critically ill.

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Group Protection

Spectrum FA are experts in the different types of Group Protection Insurance schemes that are available on the market, so our experienced advisors will be able to help you protect your business’ most important asset. Whether you are a small business with only one or two employees or a national company with hundreds, your staff are your most important resource.

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About Business Protection Insurance

Spectrum FA have been advising businesses on the various types of Business Protection Insurance for many years. We are experts in this area of financial advice and we will guide you through the entire process, to ensure your business is protected.

With our flexible approach, we will arrange the cover you require in a timely manner that is convenient for you, without impacting on the smooth running of your business.

We search the market and have access to the leading insurance providers in the UK. We will recommend suitable policies, based on the individual circumstances of you and your business.

We can advise on and correctly structure all business protection policies depending on your type of business entity, including Sole Trader and Partnerships to larger Limited Liability Partnerships (LLP), Private Limited Companies (LTD) and Public Limited Companies (PLC).

Rather speak to us to discuss one of
our protection services? Get in touch
with us today.

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