Business Insurance
Protect the people behind your business. Explore cover for important employees, ownership responsibilities and the benefits you provide to your team.
Opens WhatsApp with IM-Insured on +44 7367 195658. Start a no-obligation conversation about your cover.
Different roles, different protection needs
A business may need to consider key people, ownership commitments and benefits for its workforce separately. The arrangement depends on who is insured, who receives any valid claim and the policy terms.
What is Business Insurance?
Business protection is a group of insurance arrangements designed around the financial impact of death or serious illness on a business and its people. Different policies serve different purposes; there is no single policy that automatically covers every business risk.
Who is it for?
Owners, directors and employers who want to plan for the loss of a key person, protect business commitments or provide life cover for employees.
What to consider
Choose cover around the risk you want to address. The products below have different beneficiaries, ownership arrangements and eligibility rules.
Group Life Insurance
Life cover arranged for eligible employees through a workplace scheme.
Key Person Insurance
Protection for the financial effect on your business of losing an important person.
Relevant Life Insurance
Employer-funded individual life cover for an eligible employee.
Business Protection
Consider business loans and ownership succession alongside key person risks.
Why consider this cover?
Start with the consequences for your organisation: income that could be lost, debts that would remain, ownership decisions and the support you want employees’ families to receive.
Before you decide
- Identify who or what the policy is intended to protect.
- Agree an appropriate amount and duration of cover.
- Check policy ownership, beneficiaries and any trust or legal agreements.
- Ask your accountant about the tax treatment of the specific arrangement.
How IM-Insured can help
Tell IM-Insured about your business, the people it depends on and the cover you already have. An adviser can help you consider the relevant options and explain the next steps.
Continue on WhatsApp: +44 7367 195658. Your enquiry does not commit you to a policy.
