Protect what
matters most

Expert business protection advice and insurance plans to protect you and your thriving UK business.

Business Protection

Ensure you and your business has the right financial protection in place. Our Protection Specialists offer expert advice on financial protection for UK businesses, and will find the right type of business protection insurance plan to suit your needs.

Relevant Life Cover

Relevant Life Insurance Plans are designed to pay a lump sum to an employee’s family if they were to die (or be diagnosed with a terminal illness) whilst employed by the company. Relevant Life Cover allows an employer to provide death-in-service benefits to employees on an individual basis. It’s tax-efficient as the premiums can be treated as an allowable business expense by HMRC. The cover is written in trust, meaning the claim is paid free of inheritance tax.

Key Person Insurance

Key Person Insurance Policies are designed to protect a business from the financial impact of the death, terminal illness or critical illness of one of their key employees. A key person is a member of staff whose skills, knowledge, experience or leadership qualities are crucial to the ongoing success of the business. In the event of the death/critical illness of the employee the business would receive the funds to help mitigate the disruption caused. This allows the business to meet the costs of recruitment. Alternatively, funds may be needed to pay off debts or replace lost profits.

Helps with cash flow and keeps a business trading
Specified term or renewable basis
Pays a lump sum to the business if the key employee dies or diagnosed with a critical illness.
Pays a monthly amount to the business if the key employee is unable to work through illness or injury

Executive Income Protection

Executive Income Protection Insurance Plans are designed for small and medium businesses to provide sick pay benefits to individual directors or key employees. If the employee is unable to work due to illness or injury the business would receive a monthly benefit to fund the ongoing sick pay. The employer could also choose to insure the associated costs of National Insurance and pension contributions. The Executive Income Protection Plan is taken out and paid for by the employer and usually counts as a tax-deductible expense.

Loan Protection

Loan Protection Insurance Policies will provide the business with funds to repay a business loan, commercial mortgage or director's loan in the event that a key individual were to die or be diagnosed with a terminal or critical illness. Business Loan Protection Insurance can be taken out on the life of a director, partner, sole trader or loan guarantor. Cover can be arranged as a fixed sum assured or on a decreasing basis to match the outstanding debt.

Our Insurers

We work with a wide panel of companies to get you the most suitable insurance policy. We have access to some great discounts in our panel, keeping your insurance premiums exceptionally competitive. We are also part of The PRIMIS Mortgage Network which provides us with up-to-date training, support and regulatory guidance to make sure we give the best service to you possible.

True Protect offers personal and business protection advice to help you protect what matters most. Our expert insurance advisers can find you a suitable life insurance plan, critical illness cover, income protection insurance, relevant life cover, key man insurance, executive income protection, shareholder protection and more.

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© 2023 True Protect (Protection Solutions) Ltd

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

True Protect (Protection Solutions) Ltd (Registered in England & Wales. Company No. 14053700. Registered Office: Kenmere House, Upton Scudamore, Warminster, BA12 0AE) is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority.

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