Business Insurance

It takes a lot of time and commitment to start a new business, with most business owners making sacrifices over the years as they establish their business into the successful venture it is today. After all that hard work, it makes sense to have protection in place for the business you have worked hard to create.

Business owners should therefore consider the following types of insurance to protect them from unexpected events that can arise:

• Co-Shareholder Protection
• Debt Protection
• Key Person Protection

As with all business insurance, correct policy ownership and legal documentation to support these insurances is paramount to ensure the right money goes to the right person at the right time. In many cases, it may be appropriate for business policies to be owned by a third party bare trustee.

Our experience tells us, that whilst the insurance cover may be implemented successfully, the correct ownership structure of business policies and the supporting legal documentation is quite often forgotten, or "still with the lawyer", which can leave you in a vulnerable position.

Our advisers can ensure that your business is adequately protected for the future and that ownership of your policies is appropriately structured. Contact us now if you would like us to review your current level of business insurance cover.