Our Business Protection Insurance Services

Business Protection Insurance

Our Business Protection Insurance Services

The illness or death of a key employee can present significant challenges for a business, such as:

Loss of profit
Reduced capacity
Loss of key contacts or clients
Reduced knowledge within the workforce
The recall of loans

Our experts will advise on putting the correct insurances in place and ensure that they are regularly reviewed to reflect your changing business.

Expert advice on insurance and regular reviews

Our experts will guide you in selecting the right insurances and ensure they are reviewed regularly to match the evolving needs of your business.

Planning for the unexpected

We assist in planning for unforeseen events, ensuring your business remains stable even if a key individual is no longer available.

Tailored Financial Strategies

Our Financial Planning team works closely with you to understand your unique circumstances and develop a strategy that ensures the right protection mechanisms are in place.

Financial security without selling assets

We help ensure your business can fulfill its financial commitments without having to liquidate assets, providing you with greater peace of mind.

Our aim is to make sure that you and your business are secure in the event that something should happen to you. We can make sure that your financial obligations and responsibilities are met without having to sell any of your assets, ensuring peace of mind.

It is key to plan for the unexpected so that the business doesn’t falter, even if you or someone key dies. Our Financial Planning team will discuss and explore with you, your particular circumstances, with the aim of developing a strategy so that appropriate arrangements and protection mechanisms are in place should anything untoward happen.

Key person cover

If a crucial individual is not able to come to work, what happens? Is there a safety net? We will advise on the best way to provide one. We can arrange the most appropriate security for your business to provide for emergency costs and, if necessary, temporarily or permanently replace people, protecting your business for the future.

Tax efficient life cover – what is it?

A policy that offers individual life assurance, such as for a salaried director, and is provided for the individual and paid for by the company. In the event of the insured person's death, or if a 'significant illness' leads to retirement, the policy pays out a tax-free lump sum. The proceeds are then directed to the employee's family or financial dependents.

Life cover – why have it?

To protect loved ones from financial worries, should the worst happen. You insure your car; shouldn’t you insure your most valuable asset – yourself.
It is also a tax efficient benefit which can be offered to business owners and employees.

Why think about it?

It provides the opportunity for smaller companies to offer a death-in-service benefit to its employees (including salaried directors).
Offering life and ‘significant illness’ cover demonstrates how much your business cares about the well - being of your employees, which can be useful in both recruitment and retention.

It’s an important financial planning solution for small businesses

Often small business don’t have enough employees to be able to offer a group scheme. However, relevant life cover can be on an individual basis. Therefore, a small business can take advantage of the tax efficiencies generally enjoyed by larger companies.

Shareholder Protection

The death of a shareholder can shake the foundation of a business. Uncertainty or even disputes over how the business continues can cause long-term instability. We develop strategies to allow shareholders to purchase or dispose of holdings belonging to the deceased shareholder. By surveying the whole of the market, we can implement cost-effective cover to provide interim stability and business continuity.

At Azets Wealth Management, we have a team of Financial Planners whose aim is to help businesses and individuals ensure they have the right protection for them, their families and their business. Our Wealth Management team will discuss and explore with you your particular circumstances, with the aim of developing a strategy so that appropriate arrangements and protection mechanisms are in place should anything untoward happen.