Business Protection Insurance, Why Your Business Needs It
Business protection insurance is more than just a safety net, it's vital for safeguarding your business against the unexpected illness or death of business owners or essential staff. While many owners remember to protect property & equipment, they often overlook their most valuable asset: their people. Keyman insurance provides much-needed financial support when you lose a crucial team member, making sure your operations can continue with the least disruption possible.
Mortgage & More focuses on helping businesses understand the many choices in business protection insurance. With our advice, you'll never feel lost in industry jargon or overwhelmed by options. Our goal is to help ensure that, whatever challenges your business faces, you're financially secure & well placed to bounce back, protect business from loss of key employee, & keep your company's future bright.
Types of Business Protection Insurance We Offer
There are various types of business protection insurance designed for different business needs. The right plan for you depends on your company's structure, goals, & key team members.
- Key Person Cover: This protection pays a lump sum if a vital employee, owner or director becomes seriously ill or dies, enabling your company to cover short-term losses, recruit new talent, & maintain operations. This is key person cover for small businesses made simple.
- Partnership Protection: If you're running a partnership, this insurance ensures that should a partner die or fall seriously ill, the remaining partners can buy back their share, keeping control within the business.
- Shareholder Protection: Ideal for limited companies, this gives you a controlled, planned way to buy out a shareholder's stake if something unexpected happens. It ensures the company's stability & smooth handover of shares.
- Business Loan Protection: Many businesses depend on loans to grow. This insurance ensures you can meet any business loan or debt repayments, even after losing a key person, safeguarding your financial health.
Need more detail? We offer a thorough guide on decoding insurance jargon, ensuring you always know exactly what you're covered for.
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Why Choose Mortgage & More for Business Protection Insurance in Maidstone?
Expert Advice
With years of experience as a Mortgage Broker in Kent, our advice is fully focused on what's best for you, not what's best for insurers.
Highly Approachable
Our team members are friendly, helpful, & always ready to explain your options without pressure or confusion.
Jargon Free
We believe in making complex financial products easy to understand, so you're never left feeling confused or overwhelmed by small print.
Business Protection (Keyman Insurance): Frequently Asked Questions
Who should be covered by keyman insurance?
Keyman insurance should cover owners, directors, and employees whose loss would significantly impact your business’s operations or finances.
How is the payout from keyman insurance used?
The payout from keyman insurance helps with business continuity, covering costs such as recruitment, lost income, outstanding loans, or stabilising company finances.
Can a small business take out keyman cover?
Yes, small businesses can arrange key person cover with Mortgage & More, helping to protect against loss of essential team members.
Is keyman insurance tax deductible?
Keyman insurance premiums may be tax deductible depending on policy setup and purpose. We recommend requesting advice from our experts or your accountant.
What types of business protection insurance are available?
Mortgage & More offers business protection insurance including key person cover, partnership protection, shareholder protection, and business loan protection.
Why choose Mortgage & More for keyman insurance?
We provide expert, jargon-free advice, approachable service, and guidance on the best insurance options for your business needs.
Ready to Safeguard Your Business Future?
Don't wait until it's too late. Get expert advice on Keyman insurance & business protection insurance in Maidstone with Mortgage & More. For a personalised conversation, call us on 01634 235132 or email info@mortgageandmore.co.uk, or use our Contact Us page today. Secure peace of mind & keep your business running strong, no matter what tomorrow brings.
Phone: 01634 235132
Address: 9 Balas Drive, Sittingbourne, Kent, ME10 5AS
Email: info@mortgageandmore.co.uk
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
THERE MAY BE A FEE FOR MORTGAGE ADVICE, THE PRECISE AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES, OUR TYPICAL FEE IS £395
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The Financial Conduct Authority does not regulate some forms of Buy to Lets.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances, but will be agreed with you before proceeding.
Mortgage and More is a Limited Company. Registered Address: Mortgage and More; 9 Balas Drive, Siitingbourne, Kent. ME10 5AS Registered in England and Wales under number 06437752
We always aim to provide a high-quality service to our customers. However, if you encounter any problems, in the first instance please write to the registered address above, email or call Mortgage and More outlining your complaint, if we are unable to resolve this, you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm).
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