Business Protection

You can be assured that when we arrange Business Protection cover for you our three step process is simple and uncomplicated.

We discuss with you

• How your business is structured,
• What loans are in place,
• Who the key staff or shareholders are,
• What impact would the loss of key people be on your business
• Your key business objectives

We recommend to you

• Who, and why, you need to cover within your business
• What type, and level, of protection you need
• The best and most suitable provider of the cover suggested

We organise

• The relevant cover
• All necessary trust documentation, if this is appropriate.

Shareholder Protection

The loss of a shareholder could seriously destabilise a business. Shareholder Protection cover provides a sum of money sufficient to buy the shares of the deceased or in certain circumstances, the critically ill shareholder so that the remaining directors or partners can remain in control of the business.

Key Person Insurance

The death, terminal or critical illness of a key member of staff could result in any number of unwanted consequences. Reduced sales, loss of turnover, lower profit, disruption of business plans, costs to recruit a replacement (or replacements), even increased workload and pressure on remaining staff. Key Person Insurance will provide a sum of money to lessen the effect.

Business Loan Protection

The loss of a person who has guaranteed a loan could be a very serious event for a business. It may be an overdraft, a commercial mortgage or a private loan that is affected. Business Loan Protection provides for a sum of money equal to the outstanding loan to be paid, either to the Company or directly to the lender.

Business Protection (PDF)

Creative Benefit Solutions made it quick and simple for us to introduce a Group Personal Pension Plan to our business. Their knowledge and advice helped us navigate the minefield of information on pensions to give us a scheme which fitted with our requirements and budget’.