None of us know what the future holds, but with Business Protection in place you can focus on running your day-to-day business with the confidence that you are prepared for the unexpected.
If you’re a Director of a business, Business Protection should make up a huge part of your Business Continuity Planning and risk mitigation. What would happen to your business without it?
Business protection plans also bring several enhanced tax benefits to your business, like the ability to be put on expenses whilst protecting you from the risks that all businesses carry with additional expense.
Ask yourself: What happens if one of your key staff becomes unable to work overnight? Can your business really function without them?
These types of questions are made even more important when a director has had to leverage their personal position like in a signed Directors Guarantee, putting their personal wealth on the line.
We can help to ensure your business is protected against almost any eventuality through careful planning and at an affordable monthly cost.
Is your business truly safe without the benefits of a Business Protection Plan?
- Protects against unexpected financial loss
- Secures business continuity
- A tailored plan to suit your business’s needs and requirements
- Affordable monthly payments
- Supports employee retention and recruitment of the best people for your business
- Offers additional tax benefits
- Makes your business plans more resilient throughout
To break it down, you have two main streams of Business Protection…
Supporting Business Continuity
- Keyman Cover – Who would you lose sleep over if they didn’t come to work tomorrow? Keyman cover ensures you have the funds to deal with the aftermath of sudden illness or death, allowing you to find temporary cover, seek longer-term replacement and protect profitability.
- Debt Protection – Assess what debts the business and its Directors have on a personal guarantee and consider if you could repay these in the event of death. Ensure any debts are covered by appropriate policies in your Business Protection plan.
- Shareholders Ownership Protection – Ensures the retention of control following a key shareholder or owners’ death/incapacity. Appropriate funds are paid to the correct parties to enable the purchase of shares
Employee Benefits
- Death In Service Cover – Either group or individual Relevant Life plans to put family benefits on expenses with no P11d benefit implications.
- Executive Income Protection – Fund a Director’s sick pay plan through expenses and replace much of a Director salary. Ensures net relevant earnings continue and protect longer-term plans and building sufficient pension funds.
- Employer Funded Private Health Care Schemes – Offer valuable staff and their families a range of healthcare plans. Also enables a speedy return to work for Directors and staff depending on the range of cover chosen.
Moorgate Finance can offer a range of Business Resilience Packages including a Bronze, Silver or Gold package to cover your needs. Of course with everything we do, we can also offer tailored and bespoke packages to suit your requirements.
We can also support you with Personal Protection packages.
This is where an individual would insure himself, pay for it personally and usually includes products such as Critical Illness Cover, Personal Injury and Income Protection.
These plans generally pay out either a lump sum or monthly figure to assist you financially if you are unable to work due to illness or injury.
Whatever areas of your business or personal life you feel you need to protect, we are here to support you with guidance and resilient packages to cover all basis.
Give us a call on 01908 92 62 62 or start the process with a 2-minute, no obligation application on our website: www.moorgatefinance.com/apply-now.