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Advice on business Insurance

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               Contact us for advice








Contact us for advice




It is imperative to consider financial obligations, commitments and responsibilities when you are a business owner or company director.

When arranging financial protection for your business attention should be paid to keyman insurance, shareholder protection and loan protection.

                       SHAREHOLDER shareholder
                                LOAN  pound






A keyman is an individual who is instrumental in the profitablity of a business, and as such the loss of that person would be a major blow to the companies' success. It is possible to insure that person for life insurance and against a critical illness.

Life insurance may clear overdrafts, produce capital for employing replacement, pay off loans and help the family of the employee.

Critical illness can be an added feature of life insurance.


This insurance will provide funds for fellow shareholders should one suffer a critical illness or die. This protection would give security to the business and to the families of the shareholders.


Many banks will insist on the provision of loan protection and make it a condition in the terms of a loan offer. Loan protection provides cover for life and critical illness and may be assigned to a bank. It is normal that the term of the policy will coincide with the term of the loan.


A relevant life insurance policy is an individual death in service benefit designed to pay a lump sum upon the diagnosis of a terminal illness or on death. The policy is available to employees and directors of a limited company. It is very tax efficient. Premiums are paid by the company and the benefits are tax free within qualifying parameters. The premiums are not normally treated as a P11D benefit and there would be no income tax to pay in respect of the premiums. National insurance is not payable with regard to the premiums and the employer may be able to claim tax relief on the premiums.