Business Protection

Protect your business, your people, and your future.

Business Protection helps safeguard your company if a key person, shareholder, or partner becomes critically ill or passes away. It ensures continuity, provides financial security, and protects both the business and the people behind it.

What is
Business Protection?

Business Protection provides financial support if a business owner, director, key employee, or partner dies or suffers a serious illness. It’s designed to make sure the business can continue operating, meet its financial commitments, and protect the people involved — including families and shareholders.

It can:

  • Provide stability during challenging times

  • Cover outstanding loans and liabilities

  • Support remaining owners or partners

  • Offer peace of mind to your family and employees

Whether you’re a limited company, partnership, or sole trader, Business Protection ensures your hard work, business value, and family’s financial future are protected.

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  • Provides financial support if a vital member of your business dies or becomes critically ill.
    The payout helps cover short-term disruption, recruitment, or temporary losses, giving your business time to recover.

  • Ensures that if a shareholder or partner dies or suffers a serious illness, the remaining owners can buy back their share.

    The family or estate of the deceased receives the fair value of that share — protecting both sides.

  • Covers outstanding business loans or director’s guarantees, ensuring debts can be cleared without putting pressure on surviving owners or family members.

  • A tax-efficient way for a business to provide life insurance for directors or employees.
    The benefit is paid to the individual’s family via a trust, making it a perfect replacement for personal life cover — but paid for by the business.

  • Pays a monthly benefit to the business if a key employee or director can’t work due to illness or injury, allowing salary and overheads to continue while recovery takes place.

  • A Group Life policy (often called “Death in Service”) provides life cover for all eligible employees, paying a lump sum to their family if they die while employed by the company.

    Benefits:

    • Covers multiple employees under one policy

    • Usually provides 3x or 4x annual salary

    • Premiums are generally tax-deductible for the business

    • Paid tax-free to the employee’s family via a trust

    • Demonstrates genuine care for staff wellbeing

    Ideal for companies looking to offer strong employee benefits while protecting their teams and supporting staff retention.

  • Provides a regular income to the employer or directly to an employee if they’re unable to work due to illness or injury.
    This ensures employees still receive a proportion of their salary (often 50–75%) for a defined period.

    Benefits:

    • Protects employees’ income and financial wellbeing

    • Reduces long-term absence pressure on the business

    • Premiums are typically allowable business expenses

    • Enhances employee loyalty and recruitment

    Together, Group Life and Group Income Protection help build a strong, resilient business culture that looks after its people.

Type of Business Protection

Who’s it for?

Whatever your structure, the right cover provides financial stability for both your business and your personal life.

  • To protect ownership, key people, and business continuity

  • To ensure smooth succession and fair value for partners’ estates.

  • To secure personal income and family protection.

Tax Treatment

We strongly advise you speak to a specialist tax advisor when making a decision on taking any form of business protection.

Tax rules vary depending on the cover type and structure:

  • Relevant Life premiums are generally allowable as a business expense

  • Benefits are usually tax-free when held in trust for the family

  • Other cover types (like Key Person or Loan Protection) may have different tax implications based on the beneficiary

Your Greywood adviser will ensure your cover is structured correctly for your business and family objectives alongside your accountant.

Personal Protection through a Business Lens

Business Protection doesn’t just secure the company — it also ensures that your family benefits personally if the worst happens.

By structuring the cover correctly (often through trusts or cross-option agreements), the money can go exactly where you want it to:

  • To the business (for stability)

  • To your family (for inheritance or replacement of lost income)

  • Or shared between both

This gives you the reassurance that your life’s work and your loved ones are equally protected.

How Greywood can help.

At Greywood Financial, we build protection plans that fit you, your business, and your family. This includes:

  • Understanding your company’s structure and ownership

  • Identifying your financial risks and commitments

  • Designing the most effective structure — including trusts or cross-option agreements

  • Comparing options from our panel of UK insurers

  • Handle the setup, paperwork, and ongoing support

Your dedicated adviser will make sure your plan gives you complete confidence that everything — and everyone — is protected.

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