There are many dimensions to safeguarding a business, which can be categorised as protecting the business entity and safeguarding its employees. When it comes to safeguarding the business, we must take into account a range of potential future scenarios and assess their potential impact. Would profitability be compromised and would the business survive? How would the surviving directors cope?

Protecting your business is all about preparing for the unexpected. While we often secure insurance to safeguard physical assets like business premises, machinery, and computer equipment, there is one crucial aspect that is often overlooked; the staff.

With business protection in place and the financial injection it provides, you can -:

• Keep your business trading following a loss of a key employee
• Recruit and replace key individuals
• Protect corporate debt
• Buy out a shareholder if they become critically ill or die
• Protect income in the event of long term absence

There are different protection products to provide a safety net for all types of business -:

• Key Person Insurance
• Director/Shareholder Protection
• Partnership Protection
• Business Loan Protection
• Sole Trader Protection
• Income Protection

We can advise on all these areas taking into consideration the specific nature of your business and determine how a lack of protection could impact on your success and longevity.