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Our Business Protection Insurance Services

Our specialists help business owners put the right protection in place – from key person insurance to shareholder protection insurance – to safeguard cash flow, business continuity and shareholder interests if the unexpected happens.

Talk to our protection specialists

Running a successful business requires commitment, investment and long-term planning. However, many businesses remain financially exposed if a key individual becomes seriously ill, is unable to work, or passes away unexpectedly.

Whether you are looking to protect profits, repay business debts, safeguard shareholders or support key employees, we can help create a protection strategy tailored to your needs.

Whole-of-market advice

Independent advice from experienced specialists with access to a wide range of leading UK insurers.

Tailored recommendations

Protection solutions aligned to your business structure, objectives and long-term plans.

Business-focused expertise

Support for sole traders, partnerships, limited companies, shareholders and directors.

Ongoing reviews

Regular reviews to ensure your protection arrangements continue to meet your evolving needs.

Why business protection matters

The illness or death of a key individual can present significant challenges for a business, including:

  • Loss of profit
  • Reduced capacity
  • Loss of key contacts or clients
  • Reduced knowledge within the workforce
  • The recall of loans

The right protection – whether key person insurance, shareholder protection insurance or relevant life insurance – can help your business maintain financial stability, meet its obligations and continue operating with confidence when the unexpected happens.

Our business protection solutions

Many businesses rely heavily on individuals whose skills, expertise, relationships or leadership are critical to success. If that person can no longer contribute to the business, the financial impact can be significant.

Key person protection – sometimes referred to as keyman insurance – can provide financial support to help:

  • Replace lost profits
  • Recruit and train a successor
  • Cover temporary staffing costs
  • Support business continuity plans
  • Meet ongoing financial commitments

For many owner-managed businesses, directors and senior employees play a crucial role in generating revenue and maintaining operations.

Executive income protection can help provide:

  • Replacement income during long-term absence
  • Financial security for employees and directors
  • Improved employee retention and wellbeing
  • Tax-efficient benefits in certain circumstances
  • Reduced financial pressure on the business and employee

Relevant life insurance is a tax-efficient way for businesses to provide life insurance for employees and salaried directors. Policies are paid for by the business and can provide a lump sum benefit to an employee's family or financial dependants should they pass away during the policy term.

Relevant life cover can help:

  • Provide financial protection for employees' families
  • Offer a valuable employee benefit
  • Support recruitment and retention
  • Provide an alternative to group life schemes for smaller businesses
  • Deliver tax efficiencies in certain circumstances

For many smaller businesses, relevant life insurance can offer access to benefits typically associated with larger organisations, without the need for a group scheme.

The death or serious illness of a shareholder or partner can create uncertainty around ownership and control of a business.

Shareholder protection insurance and partnership protection insurance can help provide:

  • Clear succession planning
  • Business continuity
  • Retention of control within the existing ownership group
  • Reduced uncertainty for families and business partners

Many businesses rely on commercial loans, overdrafts, mortgages or director guarantees. If a key individual dies or becomes seriously ill, lenders may seek repayment of outstanding debt.

Business loan protection can help:

  • Repay outstanding borrowing
  • Protect cash flow
  • Preserve working capital
  • Maintain financial stability during difficult periods

Protect the future of your business

No two businesses are the same, and neither are their protection requirements. Whether you are a sole trader, business owner, shareholder, partner or company director, our specialists can help you understand potential risks and identify suitable solutions to support the long-term security of your business.

We understand that discussing illness, death or financial uncertainty can be difficult. Our advisers will take the time to explain your options clearly and support you in making informed decisions at a pace that suits your needs.

If you're also looking to protect your family's finances personally, explore our Family Protection Services.

Talk to our protection specialists

At Azets Wealth Management, we have a team of Financial Planners whose aim is to help businesses and individuals ensure they have the right protection for them, their families and their business. Our Wealth Management team will discuss and explore with you your particular circumstances, with the aim of developing a strategy so that appropriate arrangements and protection mechanisms are in place should anything untoward happen.

Contact us

Contact a specialist

Important information

  • Protection policies are subject to underwriting, exclusions, limitations, conditions and eligibility criteria.
  • Claims are not guaranteed and will depend on individual circumstances and the terms of the policy selected.
  • Different providers and policies offer different levels of cover.
  • Your adviser will explain the features, risks and limitations in full before any recommendation is made.
  • Insurance policies have no cash-in value unless specifically stated within the policy terms and may cease if premiums are not maintained.
  • Income protection insurance can provide a regular monthly income, usually a proportion of your earnings, if illness or injury prevents you from working and your claim meets the policy terms and conditions.
  • Critical illness cover provides a lump sum payment if you are diagnosed with a specified serious illness that meets the policy definition and terms.
  • Potential tax efficiencies may be available in certain circumstances. Tax treatment depends on individual circumstances and may change in future.