Business Protection Insurance

Protect the business you've worked to build

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If you or a key person in your business died or became seriously ill, would the business survive? Business protection insurance keeps a business running if an owner or key person dies or becomes seriously ill — covering loans, funding share buy-backs, or simply replacing the financial impact of losing someone the business depends on.

Types of business protection

Key person insurance

Protects the business against the financial impact of losing a key individual — whether an owner, director, or specialist employee whose skills or relationships are critical to the business's success.

Shareholder & partnership protection

Provides funds to allow remaining shareholders or partners to buy out a deceased or critically ill owner's share of the business, ensuring continuity of ownership and control without forcing a sale or unwanted new co-owners.

Relevant life cover

A tax-efficient way for a limited company to provide life cover for an employee or director, often more cost-effective than a personal policy due to its tax treatment.

Why this matters for business owners

Many business owners have personal life cover, but far fewer have considered what would happen to the business itself if they, a co-director, or a key employee were no longer there. Without business protection in place, a business can face serious cash flow problems, difficulty repaying loans, or even forced closure at exactly the moment surviving owners and families can least afford it.

Who should consider business protection

  • Business owners and directors, particularly in owner-managed companies
  • Partnerships and businesses with multiple shareholders
  • Businesses with a key employee whose loss would significantly impact operations
  • Any business with loans or financial commitments that rely on specific individuals

Why arrange business protection through TLD

  • Specialist understanding of business structures and how cover should be set up correctly
  • Access to leading UK insurers, to help find cover that fits your needs and budget
  • 12,800+ plans arranged and £1.07bn+ in cover placed since 2015
  • Named Stockport's Three Best Rated Insurance Services, 2022 to 2026
  • One point of contact — the same adviser, from quote to claim

Running a property portfolio through your business?

If your business holds investment property, business protection and the right mortgage structure need to work together. We also specialise in buy-to-let mortgages for landlords and portfolio businesses, and can help make sure both your lending and your protection are set up correctly from the start.

Buy-to-Let Mortgages