What are the main reasons business need to consider protection?
The main reasons businesses will need to consider protection are:
Loss of a Key Person
This is any member of staff who has a direct impact on the business’s profits. It could be the business owner, director, sales person or any employee with specialist skills or expertise.
Shareholder and Partnership Protection
Share Protection and Partnership Protection will help business owners keep control of the company if one of them dies or is diagnosed with a critical illness covered by the plan.
Relevant Life Cover
Relevant Life cover is a tax-efficient life insurance policy, allowing companies to offer death in service benefits to their staff
What are the types of protection policies available?
Zurich offers two types of protection policies for businesses; life cover or life or earlier critical illness which can be set up as a level or decreasing term plan.