Retirement Planning and Wealth Management

Business Loan Protection

Business Loan Protection can play a vital role in protecting your business. The death or critical illness of an employee could reduce your businesses ability to pay back an outstanding loan, overdraft, or commercial mortgage. In addition, if a company director, or other individual, is a guarantor of a business loan, lenders may ask for early repayment of the loan if they were to pass away. Business Loan Protection provides the funds to repay a loan in the event a key employee dies or is diagnosed with a critical illness.

Benefits:

  • Business Continuity: Reducing the financial strain on the business in the event of death or a critical illness of a key employee
  • Financial Security: Protects directors who may be personal guarantors on business loans, and also the business if a loan is called in on the death of a key employee

We can help arrange tailored cover to match the terms of your loan, and business needs.