Gift Offer Terms
We may offer vouchers or other incentives when you take out a business life insurance product through our partners Your Finance Expert subject to the following terms and conditions:
To qualify for Gift Vouchers the business insurance policy requires a minimum term of 12 years with a monthly premium between £75 and £199.99. The value of the vouchers will be equal to 2x your monthly premium.
To qualify for an iPad the business insurance policy requires a minimum term of 12 years with a monthly premium of £120 or more. High Street Vouchers to the value of £300 will be available in place of an iPad where requested or in the event an iPad is not available.
Only one iPad or voucher incentive will be issued per Business. This means a policy with multiple applicants that meets the above conditions will only be eligible for one incentive.
Any incentive offered is subject to you paying the monthly premiums in full for the first 25 months. If your policy is cancelled for any reason before the 25th payment you agree to pay back the cash sum of the incentive to Your Finance Expert. After the 25th payment has been made you are free from this agreement. You under no obligation to redeem any of the above incentives.
This offer can be redeemed once evidence that 3 monthly premiums have been paid by contacting your adviser.
If Your Finance Expert has sacrificed any commission in order to reduce the premium on your policy you will not qualify for any incentive. Please speak to your adviser who will be able to confirm.
Specialties
We Can Do it All
Our mission is to help businesses and directors find the best business life insurance to suit their needs. Whether you’re looking at protecting the business or your employees, our brokers will be able to help. They’ll compare a range of life insurance plans to help you get the best product on the market.
By using Business Cover UK, we hope you will find the best options available to safeguard your business should the worst happen.
Life Cover For Your Business
Business life insurance plan can help to protect your business and employees when it comes to an unexpected death. It can be provided as an employee benefit to retain and hire loyal, high-calibre employees.
The Statistics
According to statistics, only 28% of UK business’s established in the last two years have any kind of business protection in place. Yet 46% would cease trading immediately if a key person died.
Is Business Insurance Tax Deductable
In most cases yes they are, but it really comes down to what the insurance is being used to cover. For example it may be the case that the premiums are not deductible if the insurance is to cover a business loan. As normal with these things its always best to speak to a qualified tax adviser or directly to the HMRC.
Products
Choose The Right Plan For You
Shareholder Protection
Shareholder protection cover is a type of business protection insurance that provides shareholders with the necessary funds to buy shares from each other if one of them was to die or was unable to work due to a serious illness or accident. Most policies are life insurance-based but critical illness cover can also be included as an optional extra. The sum insured is usually based on the amount of capital the remaining partners would need to buy out their outgoing colleague’s equity in the company.
Keyman Insurance
Key Person Cover allows you to protect your business from the financial impact of losing a key employee (including owners/managers), whose death or illness would have a significant impact on the financial position of the business.
It can be arranged to provide either a regular income if the key person is unable to work because of an illness or injury, or a lump sum if they die or are diagnosed with a critical illness.
Relevant Life Cover
A relevant life cover policy is a type of insurance plan that a company (usually a small-to-medium-sized business) can set up to provide death-in-service benefits to its staff.
Like a standard life insurance policy, these products pay out a lump sum to the insured person’s beneficiaries, if they were to die during the term of the plan. The insurer calculates a premium based on the insured person’s health, age and lifestyle and this will be paid by the company, rather than the individual.