Business Protection helps protect your business from the financial losses incurred if a key person or owner of a business should die or be diagnosed with a terminal or critical illness.
There are 3 different types of Business Protection:
- Key Person – Profit Protection
The policy proceeds are paid directly to the business to be used to help replace a Key Person and help cover the loss of profits that may occur. The policy proceeds could help a business to continue trading.
- Key Person – Loan Protection
The policy proceeds are used to help pay off any outstanding loans a business may have. These will include Bank Loans or Director Loan Accounts which need to be repaid on death.
- Share – Ownership Protection
The policy proceeds are used to help buy the share of the business if an owner is diagnosed with a critical illness or dies.
Atlas Consulting Group have an in-depth knowledge of all of these products and services and deliver high quality advice whether it be for stand alone contracts or a tailored health risk management proposition incorporating multiple plans.
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