January: Protecting What Matters
Running a business brings opportunity, but also responsibility.
While most business owners protect their business with insurances like employee and public liability, professional indemnity, or product liability, fewer consider what would happen to their family if they were unable to work.
For most business owners the income they generate is key to their family’s well being and prosperity.
Life cover is common, but what happens if an accident or illness prevents you from working for months, or even permanently?
Would your business continue to generate the income needed to support your family?
Types of Cover
It’s important not just to have life insurance, but also critical illness cover and income protection:
Critical Illness Cover:
Provides a lump sum payment for serious health events, such as a heart attack or loss of limb, which could prevent you from working permanently.
Income Protection:
Provides a regular income if you are unable to work for a longer period.
Death in Service (for company directors):
Premiums are eligible for corporation tax relief and pay-outs are tax-free, providing added security.
The Right Combination
Taken together, these insurances give you peace of mind, knowing your family is looked after no matter what happens.
Time to Review Your Cover?
If you’re unsure what protection you currently have (or whether it’s enough) we can connect you with an independent financial adviser for a no-obligation review.
Call us on 01634 731390 or complete our contact form and we can arrange an introduction.
Business and Personal Protection
See below our our articles related to business and personal protection:
Protection Insurance Options & Protecting Your Future
More Moments
