top of page

Business Protection Planning 

Personal Profile

The main types of plans are listed below, with a brief synopsis of what each is used for. The names of these plans isn't important. What's important is making sure you've turned over every stone and assessed the risk your business faces if an owner or important individual passed away or is diagnosed with a critical illness.

At Bespoke Business Protection we take you through our step-by-step process to ensure everything has been discussed and together start to piece together your own bespoke plan with clear steps to take if the worst happens. 

Types of Protection


Ownership Protection

This plan provides funds to enable surviving owners to purchase the shares from a deceased owner's estate. The owners retain control and the estate, or family, can walk away from the business having received a fair value.


Key Person Protection

A key person is someone who has a direct impact on the business’s profits, usually an owner, director, or skilled employee.

This plan releases funds to the business to cover the cost of losing a key person on death or critical illness to the value the business stands to lose with their absence.


Loan Protection

If your business has loans or debts, would the business be able to finance them if an owner passed away? Or have you personally guaranteed a business loan?

This plan will provide funds to repay the business debt if one of the business owners passes away or suffers a critical illness.


Tax Efficient Life Cover

Businesses can arrange life cover for directors and employees through Relevant Life Plans. A Relevant Life Plan is owned and paid for by the business, with the benefit payable to the employee’s family or financial dependents tax-free. This is especially effective for high earners.


Executive Income Protection

This plan is designed for businesses to provide directors and employees the benefits of a sick pay arrangement.

The premium is paid for by the business, the benefit is paid to the employer to pass on to the employee.


Private Medical Plans

Private Medical Insurance (PMI) is designed to cover the cost of private medical treatment for 'acute conditions' that start after your policy begins. PMI is available at a range of different levels of cover designed to meet the needs of different customers.

Get in Touch

077 7078 7033

bottom of page