Business Protection

It would seem an obvious thing to do, yet so few even think of it. You work hard, you take the risk of owning a business, but have you taken the time to think if you died today or a key employee had a serious illness, would your business survive?


Essentially the following are areas that Lawton Financial Services would talk you through, helping you to understand the financial impact of death/serious illness within your business:

  • Key person insurance – also known as ‘keyman’ insurance
  • Director/shareholder protection
  • Partnership protection
  • Business loan protection
  • Sole trader protection
  • Continuation protection
  • Succession planning
  • Private Medical Insurance


You may also need to speak to a solicitor if you haven’t considered who runs the company if you are incapacitated or deceased.


Business Protection Insurance clearly provides an all important safety net for all types of businesses. Insurance is all too often viewed as an extra expense, however consider this:

In today’s financial climate can you imagine how the conversation with your business bank manager may go? “Hi Mr Bank Manager please could we have £50,000 to meet our current overheads, our key salesman has just had a triple heart bypass and won’t return to work for the next six months”?

Maybe you are lucky enough to have a business with cash reserves, but assuming you don’t, then how would your business survive? Would you want to spend this cash on covering wages?

Insurance is a cost effective way of replacing the lost income to your business and allowing you to continue trading.


So why is Business Protection Insurance necessary?

  • Keep the business trading
  • You can replace key individuals
  • Protect corporate debt
  • Buy out a shareholder if they become critically ill
  • Buy their share from their estate if they die.


Bespoke Financial Advisors hope that the information provided on this website gives you a general idea of what Business Protection Insurance is and why it is important to the successful running of your business. It may not be the most exciting part of your business, but for the above reasons we can offer peace of mind for little cost. We understand every business is different we have provided a basic impression of Business Protection and we hope to hear from you so that we can discuss your specific requirements in more detail.