How Do I Cover My Business?

As with personal insurance, taking out cover against your business can mean you are financially protected in the event something should happen to either you or your business partner. The death or serious illness of a business partner can impact a business dramatically, causing unnecessary financial hardship.

Cover for your business can help to:

• Buy out a partner by providing a capital lump sum to cover their share of the business
• Cover key people including the cost of replacing them and loss of income
• Cover business expenses in the event you are temporarily unable to work due to illness or injury
• Provide group insurance schemes for employees which may include automatic acceptance limits

Your IA Financial Services adviser can help you to determine what type of cover is right for you and your business needs.