BUSINESS PROTECTION

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

BUSINESS PROTECTION SERVICES

Business protection insurance, such as Shareholder Protection and Key Person Cover are designed to safeguard business ownership, profits, and continuity during uncertain times.

Our protection consultants at Pangea Life will assess your business, recommend the right cover, and ensure policies are correctly structured, giving you confidence that your protection will work when it matters most.

SHAREHOLDER PROTECTION

Ensures shareholders can retain control of the business if a co-owner dies or becomes critically ill, while providing their family with fair value for their shares.

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KEY PERSON COVER

Provides a financial safety net if a key individual dies or suffers a serious illness, helping to cover lost profits, recruitment costs or outstanding liabilities.

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RELEVANT LIFE COVER

A cost-effective way for companies to provide life cover for directors and employees, offering valuable protection for their families while making efficient use of company resources.

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LOAN PROTECTION

Ensures outstanding business loans can be repaid if a key individual dies or becomes critically ill, helping safeguard cash flow and protect the company’s financial stability.

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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.