Business Insurance

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In any business the death or serious illness of an individual involved in running the company, or with a key role can have serious financial consequences for those left in the business.

Business insurance can help. The aim of business insurance will differ depending on the structure of your business and its key risks. We can tailor a business protection solution to suit your needs.

The following is a brief description of the four products available:


Co-Director Insurance

Co-director Insurance can bring security and stability to a company’s directors. In the event of the death of one of the directors, it will allow the surviving directors to buy the deceased’s shares from their next-of-kin if these unfortunate events occur. In most instances a double option agreement is signed by each Director that will able shares to be sold to the firm and makes sure that the funds are in place to do so.


Keyperson Insurance

This is a business-specific life insurance that can compensate a company for the financial loss and other consequences of the death of an important member of the business.

How does it work?

You can take out Key Person Insurance at any stage of your company’s lifetime. You will pay a premium on a regular basis, based on the cover that is required. If the unexpected happens and this person dies, or becomes seriously ill, the policy will provide a lump sum to compensate for this event. This can be used to offset any financial losses incurred. It can also be used to contribute to bank loans where the key employee gave a personal guarantee, or to pay off loans made to the company by the key employees.