The protection gap for businesses is huge and runs into billions of pounds. With the market picking up for many businesses this is the time for many business owners to think seriously about how well protected their business is.
Thanks to the new providers, business clients of First Complete ARs will be able to:
- Protect their profits if they lose a key employee
- Retain control of their business should a shareholder or business partner die or become seriously ill
- Pay off any outstanding business loans should they, a shareholder or business partner die or become seriously ill
- Increase their cover as their business increases in value
The Ageas applications and trust documents can even be filed online without the need for a signature with free Accidental Death Benefit during the application process, while terminal illness claims can be made right until the last day of the term.
PruProtect offers First Complete ARs their own specialist team of business protection underwriters and a wealth of literature and sales aids.
Toni Smith, sales operations director of First Complete says:
“It is clear that, just like personal clients, businesses need to protect their futures, yet it seems a huge number do not have appropriate cover. The problems they need to solve are bigger, which means business protection is a major opportunity for advisers as well as highly needed by their clients.
“Business protection insurance is crucial with such a large protection gap. Many business owners are unaware of the wide variety of business protection available to them or sometimes even why they need it. This is where good policies and a knowledgeable adviser are crucial.”
