that keeps you in business
Most businesses today make sure their assets are covered against the effects of fire, theft or any unforeseen event. What about key employees - should it not be second nature for your clients to protect this asset as well? Many businesses often cite people as their most valuable asset although they do not consider their financial value.
And protection for key employees is just one area of business protection. Your clients may also want to consider protection for shareholders, partners or members. Without this type of cover there is always the potential for serious problems to arise in the business, for example, a deceased's family wanting to become involved in the business and therefore control being lost.
There is also protection for business loans, which can be taken out to ensure repayment of a business loan in the event of death or critical illness.
Scottish Provident offers four main types of cover: key person protection, shareholder protection, partnership protection
and loan protection. We also offer relevant life policies
and various trust solutions.
Provides a financial safety net in the event of a key person suffering a critical illness or dying.
Provides a sum of money on death or critical illness to remaining business owners so they can buy shares from the leaving partner, member, shareholder or the estate.
Provides a sum of money to ensure the repayment of a business loan in the event of the death or critical illness of a partner, member or shareholder.
A stand-alone single life policy is a way for directors to obtain tax efficient death in service benefits for themselves and their employees.
Setting up a trust arrangement for your clients need not be a daunting prospect. We can give you all the tools you need to help you provide the right advice.
We like to think that our dedicated business protection team is the best in the market.
Each member works closely with advisers to provide training, seminars, technical support and sales development.
Quote and apply
Visit our adviser WebCentre, Avelo Exchange, Assureweb or True Potential to quote and apply.
Relevant life policies
Let the taxman help pay for your clients’ life cover.
Scottish Provident is a division of The Royal London Mutual Insurance Society Limited, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.