Mortgage Broker covering West Wales

Essential Business Protection


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As a director, you play a vital role in the success of your business. You make strategic decisions, manage daily operations, and lead your team. But what if something happens to you or one of your fellow directors? How would your business cope with the loss of a key person, a shareholder, or a guarantor?

Business protection insurance covers the financial impact of losing a key member of your business due to death, illness, or injury. As a director, understanding the five types of business protection can greatly benefit your company. 🌟


Protect your business from various risks, such as:

  • Reduction in earnings, revenue, or profitability
  • Elevated expenses related to recruiting and educating a substitute
  • Settlement of existing loans or obligations
  • Diminished authority and oversight
  • Friction or disagreements with fresh stakeholders
  • Decrease in individual earnings and perks
  • Compromised financial stability for one’s family


Here are the five types of essential business protection that every director should know about, and how they can benefit your business. 🙌


Jigsaw with Key Person Protection on one piece of the jigsaw

Key Person Protection

A key person is someone who has a significant influence on the performance and profitability of your business, such as a director, manager, or salesperson. 

Losing a key person can cause a drop in income, sales, or profits, as well as increased costs of hiring and training a replacement.

Key person protection can help you cover these losses and expenses, and keep your business running smoothly. It can also help you repay any outstanding loans or debts that the key person was responsible for.

To find out more about key person protection, and how to calculate the amount of cover you need, contact us today.

Picture with text highlighting Shareholder Protection


Shareholder Protection

A shareholder is someone who owns a share of your business and has a say in how it is run.

Shareholder protection is crucial because it addresses the impact of losing a shareholder in your business. When a shareholder passes away or becomes critically ill, their shares could end up with family members or their estate. These new shareholders might not align with your business vision or goals.

This protection allows you to buy back the shares from the deceased or critically ill shareholder. By doing so, you maintain stability and continuity in your business. It also helps prevent conflicts with new shareholders who may want to sell their shares or influence your decisions. 🌟

To find out more about shareholder protection, and how to set up a cross-option agreement, contact us today. 🔍


Brochure from West Wales Money Features two male executives in suits Title - Executive Income Protection

Executive Income Protection

An executive is someone who earns a high salary and enjoys a range of benefits from your business, such as a pension, a car, or a bonus. Losing an executive can affect their personal income and lifestyle, as well as their family’s financial security.

Executive income protection can help you pay a regular income to the executive if they are unable to work due to illness or injury, and cover the cost of their benefits. It can also help you retain their loyalty and motivation, and encourage them to return to work as soon as possible.

To find out more about executive income protection, and how to compare different providers and policies, contact us today. 🔍


A white background with large black text in the centre reading Relevant Life


Relevant Life

A relevant life policy is a type of life insurance that pays a lump sum to the family or dependents of an employee or director if they die while working for your business. It is a tax-efficient way of providing a death benefit, as the premiums are paid by the business and are not treated as a benefit in kind.

Relevant life can help you attract and retain talented employees and directors, as it shows that you care about their well-being and their loved ones. It can also help you reduce your corporation tax liability, as the premiums are deductible as a business expense.

To find out more about relevant life, contact us today. 🔍

A business loan application form Bold blue letters and includes sections for personal information.

Business Loan Protection

A business loan is a type of debt that you take out to finance your business activities, such as buying equipment, expanding premises, or investing in new opportunities.

Losing a director, shareholder, or guarantor can affect your ability to repay the loan, and put your business at risk of default.

Business loan protection can help you repay the outstanding balance of the loan if the person who is responsible for it dies or becomes critically ill. It can also help you protect your assets, credit rating, and reputation.

To find out more about business loan protection, and how to choose the right level and type of cover,contact us today. 🔍

A person in a suit is holding a transparent digital display showing various graphs, data, and the word CONCLUSION


Business protection is essential for every director who wants to safeguard their business from the unexpected. It can help you protect your income, profits, ownership, control, and reputation, as well as your personal and family’s financial security.


At West Wales Money, we can help you find the best business protection for your needs and budget. We are independent and specialise in business protection, and we have access to the whole of the market. We can provide you with expert advice, tailored quotes, and ongoing support.


If you are interested in getting business protection insurance or want to review your existing coverage, please contact us today. West Wales Money offer a free initial consultation, and we can arrange a meeting at your convenience. 💡


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