Spectrum Financial Advice Insurance Services | Essex | Hertfordshire

5 Star Google Ratings

Family-run business with over 20 years experience

Free Consultation

Authorised by the Financial Conduct Authority

Additional Protection Insurance Services We Offer

As experts in the industry we offer impartial advice on a range of products and insurances from the leading providers, some of which are listed below.

Life Insurance for Company Directors

Life Insurance for Company Directors – Protecting your business and family against the impact of a director’s unexpected death. As a business owner, there are a number of life insurance policies that are available to you. The most suitable policy for you, will depend upon what you are looking to achieve or who you wish to protect.

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Key Man Insurance

Every business has at least one or two key staff members who are vital to the company’s successful running. Enabling a company to continue trading smoothly and effectively in the event of a key person’s death, key man insurance protects businesses from the effects of losing such valuable staff members.

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Level Term Assurance

Level Term Assurance – Ensuring your family are protected and can continue their standard of living in the event of your death. Also known as Life Insurance Cover or Term Assurance, Level Term Assurance protects your next of kin/family in the event of your/the insured person’s death by providing them with a lump sum, enabling them to continue their lifestyle.

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Key Worker Insurance

Most companies tend to have one or several key staff members of vital importance to their success and profitability. A key person could, for instance, be the company’s owner, a director or an employee with specific specialist or technical skills. Essentially, any individual known to make major contributions to a company’s success, smooth running and profitability is a key person.

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Keyman Cover

Most companies have one or more key members of staff who are of great importance to the success and profitability of their business. This could, for example, be the owner, a managing director and/or an employee or multiple employees with specific technical or other specialist skills. Any individual making a significant contribution to the profitability, smooth running and success of a company can be a keyman.

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Relevant Life Policy

Spectrum FA Relevant Life Policy – Providing valued employees with peace of mind that they/their families are protected in case of death or significant illness. Sometimes also referred to as relevant life insurance/cover or death in service, a Relevant Life Policy is a type of business protection plan allowing your company to provide one or several employees with life insurance payable to their next of kin/families.

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Directors Liability Insurance

Directors Liability Insurance – Helping your company pay outstanding obligations in the event of a director’s critical illness or death. Many companies trading today have business mortgages, commercial developments loans or other outstanding commercial debts secured against them.

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Business Loan Protection Insurance

Business Loan Protection Insurance alternatively – Ensuring your business can meet outstanding obligations should a guarantor suffer a critical illness or die.

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Group Death in Service

Group Death in Service Protection – Giving your staff peace of mind knowing their families will receive financial & practical help in the event of their death.Taken out on behalf of employees by employers, Group Death in Service insurance or Group Life Insurance gives employees the comfort of knowing that, if they should die, their families will receive a lump sum payment.

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Business Loan Protection

Many organisations/companies currently trading have outstanding obligations (commercial mortgages, business developments loan, other business loans) secured against them. Such loans are frequently secured against managing directors, owners or other key individuals within a company.

Considering what impact a critical illness or death of a key individual could have on your company in advance is crucial for your business.

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Asset Protection Insurance

Unforeseen events like death or critical illness of a director or key person could have far-reaching consequences that could potentially ruin your business. Protecting your company’s assets by planning for all eventualities in advance and putting suitable asset protection insurance plans into place is therefore vital.

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Partnership Protection Insurance

Partnership Protection Insurance – Protecting your company against the risk of a business partners’ critical illness or death. Frequently referred to as director share, ownership or shareholder protection, Partnership Protection Insurance is instrumental in making sure that, in the event of a business partner dying or developing a critical illness, remaining shareholders can buy the insured individual’s shares.

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Commercial Debt Insurance

Commercial Debt Insurance – Ensuring your company can pay off outstanding business loans should a named guarantor suffer a critical illness or die. Most of today’s companies/organisations have some type of loan (business development loans, commercial mortgages) secured against them.

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Director Share Protection

Director Share Protection – Insuring Your Business Against the Risk of a Shareholder’s Sudden Death or Critical Illness. Director Share Protection is frequently also referred to as Shareholder, Ownership or Partnership Protection. It is instrumental in ensuring if a shareholder dies or becomes critically ill, remaining stakeholders can purchase their shares.

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Group Protection Insurance

Taken out by employers on behalf of employees, group protection insurance offers a wide range of benefits for both employees and employers.

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About Us

As a family run business, our aim is to provide new and existing clients the best possible service with expert advice that is suitable and tailored to your specific needs.

You will deal directly with us and speak with a FCA regulated, fully qualified expert who has years of experience in the industry.

  • Spectrum FA will provide you with a personal and tailored service.
  • Spectrum FA have specialist advisors with over 20 years of practical experience advising businesses, individuals & families.
  • With access to the most trusted insurance providers on the market, we will recommend suitable policies, tailored to your specific needs.

Contact Us

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

 

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