Business Protection Advice for Companies
Running a business involves careful planning – but many owners overlook what would happen if a key person fell seriously ill or died. Business protection ensures your company can survive financial shocks, protect employees, and secure long-term stability.
At Mather & Murray Financial, we specialise in independent business protection advice for companies of all sizes. Based in Swindon with advisers nationwide, we’ll help you identify risks, design tailored cover, and protect both your business and your family’s financial future.
Why is Business Protection Important?
Without protection in place, the sudden loss of a business partner, director, or key employee can be devastating. It could:
Leave your company struggling with lost skills or leadership
Put repayment of business loans or overdrafts at risk
Cause disputes over shareholder control
Reduce business confidence with clients, suppliers, and lenders
Business protection policies give your company the financial security it needs to carry on.
Types of Business Protection
Key Person Insurance
Protects your company against the financial impact of losing a key employee whose knowledge, contacts or skills are vital. Provides a cash lump sum to cover costs such as recruitment, training or loss of profits.
Shareholder Protection
Ensures surviving shareholders can retain control of the business if one of them dies or suffers a critical illness. Provides funds for remaining shareholders to buy out the deceased’s share, avoiding disruption or unwanted external ownership.
Relevant Life Insurance
A tax-efficient alternative to traditional life cover for directors and employees. Paid for by the business, Relevant Life cover can provide a lump sum to beneficiaries if the insured person dies while employed. Premiums are usually treated as an allowable business expense.
Business Loan Protection
Ensures that any outstanding loans, overdrafts or commercial mortgages can be repaid if a director or key guarantor dies or becomes critically ill. Prevents the burden from falling on surviving business partners or family members.
Comparison of Business Protection Options
| Type of Cover | What It Protects | Who Benefits | Key Advantages |
|---|---|---|---|
| Key Person Insurance | Loss of a vital employee (e.g. director, specialist) | The business itself | Covers recruitment/training costs and offsets lost profits |
| Shareholder Protection | Ownership of the business | Surviving shareholders & the business | Keeps control within existing owners and avoids disputes with beneficiaries |
| Relevant Life Insurance | Individual directors or employees | Family/beneficiaries of the insured person | Tax-efficient, written in trust, premiums usually allowable business expenses |
| Business Loan Protection | Outstanding loans or commercial debt | Lenders and the business | Ensures loans are repaid, avoids financial strain on surviving owners/families |
How We Work With You
Discovery – We’ll take time to understand your business, your key people, and your financial commitments.
Assessment – We’ll identify the risks and the most suitable protection options.
Recommendation – We’ll design a bespoke package of cover that balances affordability with the right level of protection.
Implementation & Review – Once your cover is in place, we’ll keep it under review as your business grows.
Why Choose Mather & Murray Financial?
Independent advice – we’re not tied to any insurer.
Expertise – specialist knowledge of business protection and tax treatment.
Local presence – based in Swindon, with advisers nationwide.
Personal service – we explain everything clearly and in plain English.
Don’t wait until it’s too late – talk to us about tailored business protection. Contact our Swindon head office or book an appointment with an adviser local to you.
