Pangea Life | Business Protection

BUSINESS PROTECTION

Protecting your business against the loss of its most valuable asset, its people.

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EXPLORE BUSINESS PROTECTION

AVOID RISKS TO YOUR BUSINESS

Most business owners have not fully considered one of the main risks, nor the associated costs, to their company – the death of a co-owner or a key member of staff or their long-term absence due to serious illness or injury.

Business protection policies could make the difference between a business collapsing or continuing to trade should the worst happen.

Ownership

Shareholder Protection – the loss of a co-owner of a business can leave the surviving shareholders with the financial burden of having to raise finances to buy the shares from the deceased’s estate.

Profit

Key Person Cover – the loss of a key member of staff or director can bring a significant cost to a business, in regards to its functions and profits. Key Person cover provides a lump sum benefit to off-set these costs.

Debt

Loan Protection – the burden of debt, be it loans, Director Loan Accounts, loan notes, corporate finance or mortgages can be made even more challenging if a key person is lost from the business.

Family

Relevant Life Plan - a tax efficient way to provide personal life insurance, which can be taken out for any employee within the business - much like a group death in service policy, but on an individual basis.