Business Protection

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Consider how your business could continue if you lost a Key Person or Business Partner or if they had a long-term illness. The business could suffer badly with sales and profits falling and increased workloads for remaining staff.

There are 4 main areas of Business Protection

Life Cover
Critical Illness Cover
Income Protection
Group Health Insurance

Depending on the structure of your business, the above can be addressed in a Tax efficient manner

Key Person Insurance

A policy owned and paid for by the business
Benefits are payable to the business
Pays out a lump sum on death. [Critical Illness can be included at an additional cost]
Can be used to replace lost profits or to find and hire a replacement

Partnership Protection

A policy owned by a partner but on the life of another partner [Partnership agreement should be in place]
Benefits are payable to the surviving partner/partners
Pays out a lump sum on death. [Critical Illness can be included at an additional cost]
Used to purchase the deceased partners share of the business

Business Loan Protection

A policy owned by the business on the life of the business owner, director or other key person
Benefits are payable to the business
Pays out a lump sum on death. [Critical Illness can be included at an additional cost]
Used to help repay the outstanding debts of the business

Relevant Life Cover

A policy owned by a limited company but on the life of an employee or company director
Benefits are payable to the estate of the insured person
Pays out a lump sum on death. [Critical Illness cannot be included]
Used to provide a death in service benefit for an employee

Business Protection

There are 4 main areas of Business Protection

Key Person Insurance

Partnership Protection

Business Loan Protection

Relevant Life Cover

Financial Planning

Business Planning

Property

AMG

Ballymoney

Ballymena

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