In the unfortunate event of a critical illness or death of a director, partner, or key employee, it can be difficult to recover. The emotional and financial costs of managing the loss can make everything harder. Our experts can help you find the right product to protect your business during difficult, unexpected situations.
Products tailored for shareholders, sole traders, partnerships, and key employees.
Business Protection insurance can help you build a safer platform for your business. These products are designed to help put a company back on track in the face of the most unexpected challenges. Helping you, your team members, and your employees, feel safeguarded and focused.
A tax-efficient life insurance policy allowing companies to offer their employees a death-in-service benefit. This policy pays out a tax-free lump sum on the diagnosis of terminal illness or death of the person insured, and the proceeds go directly to the employee’s family or financial dependents. Additionally, claims paid under Relevant Life Cover don’t count towards a person’s pension lifetime allowance, making it a tax-efficient option for the employer and employee.
The loss of an owner or shareholder can shake the foundations of a business and lead to unforeseen financial difficulties. This product can help ensure continuity and minimize operational disruptions and financial hardship during unfortunate events. Moreover, it can help prevent fundamental changes like selling the company or onboarding unwanted partners.
This policy allows business owners to keep control of the company if one of them dies or is diagnosed with a critical illness by enabling the remaining shareholders or partners to purchase the deceased party’s share at an agreed price. This product also pays out a lump sum benefit to the deceased party’s family and can help cover expenses related to the transfer of ownership.
This product allows you to safeguard the income of valued team members and free them from financial worries while they recover. In the event of sickness or injury, they receive a regular replacement income, usually between 50 and 70% of gross income. In some cases, the payments may also cover the employer’s National Insurance and pension scheme contributions on employees’ behalf, ensuring their retirement plans stay on track.
This product provides financial security to company directors or shareholders by ensuring that their dividends keep getting paid regularly and accurately in the event of an incapacitating illness or injury. This can help ensure the continuity of the business and even prevent operational disruptions during harrowing times. It will also give the insured’s family members respite and financial stability while they navigate challenging circumstances.
This type of insurance can help protect a business against financial loss as a consequence of the death or disability of a key team member. It will provide compensation to help cover recruitment, replacement training, and overtime costs needed to counterbalance the affected employee’s absence.
A key person can be an owner, partner, or any other employee whose absence would represent a significant loss of skills, contacts, or essential work for the company. The funds can even reimburse the value of lost contracts or profits from their absence.
This type of insurance provides short-term income protection for an employee in case of illness, or accident. It can help the affected party pay for essential bills and expenses related to the unexpected event, helping minimize disruptions both in their personal life and the company life.
Group insurance products provide support to your team members during times of illness and other unexpected events. They are commonly included as part of an employee benefits package.
Choose the Right Plan for Your Business
Whether you’re looking for comprehensive coverage or something specific, we’re here to help you. We know that every company has its own specific requirements and circumstances. The Lifepoint Lifecare® team will carefully assess your needs, ask relevant questions, and tailor ideal solutions.
Business Insurance FAQs
Insurance brokers simplify the process of acquiring protection insurance by diminishing associated stress.
Because we are an independent company, we prioritize your preferences and interests. Additionally, our services are entirely free of charge. Our team will listen attentively to your requirements and comb through various insurance providers to find the most suitable matches. We’ll support you by providing ongoing assistance and advice so that you never feel lost during the process.
The type of life insurance that is most appropriate for your business depends on many variables related to your situation.
If you are unsure about which option is best, reach out to us. We’ll offer you guidance and valuable insights, so you can make an informed decision.
Business insurance provides a safety net for you, your business, your employees, and your profit. It will give provide breathing space and financial resources during tumultuous periods, such as the occurrence of a serious illness or death of a key figure in the business.
– Relevant life cover
– Accident, sickness, and employment cover
– Group risk:
– Group life insurance (Death in service)
– Group critical illness insurance
– Group income protection
– Shareholder and partnership protection
– Executive income protection
– Dividends protection
– Key person insurance
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Lifepoint Lifecare® is a brand owned by Lifepoint Healthcare® Ltd.
Lifepoint Lifecare® is a trading style of Quilter Financial Planning Solutions Limited which is authorised and regulated by the Financial Conduct Authority.
Quilter Financial Planning Solutions Limited is registered in England and Wales. Company Number 03276760. Registered Address Senator House, 85 Queen Victoria Street, London, United Kingdom, EC4V 4AB
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