Business Protection
You can guard against the illness or death of employees by implementing a business protection insurance strategy.
Protection policies can be put in place to help with the impact of losing key employees ensuring that your business can keep trading should the unexpected happen.
Some common protection schemes are:
Key Person Insurance
Insure your business against the loss of profits it may suffer should a key employee die or suffer a critical illness
Partnership/Shareholder Protection
Providing the funds to buy out another shareholder should they suffer a critical illness or die.
Employee Protection
Group policies can provide cost-effective plans, protecting those who might not otherwise be able to
afford this insurance. They are also a tax-efficient way for business to support their employees. There are several types of employee protection, which generally provides funds to the employee, their family or their dependants.
Some common protection schemes are:
Group Death in Service
Death in Service insurance cover – also known as Group Life Assurance – is a type of life insurance. It pays out a tax-free sum of money to an employee’s chosen beneficiary when they die. It’s offered as a company benefit. Most death in service benefits pay out two to four times an annual salary.
Relevant Life
Relevant Life plans allow employers to provide employees (including Directors) with tax efficient death in service benefits.
Group Critical Illness Cover
Group Critical Illness cover pays a tax-free lump sum directly to an employee should they suffer any of a list of defined medical conditions or surgical procedures. The policy can be defined by theowners to meet the staff needs.
Group Income Protection
Employees are paid a percentage of their income if they’re absent from work due to illness or injury.
Private Medical Insurance
This type of scheme provides funds to cover the costs of private medical expenses, diagnosis and treatment.
Get in touch with us to find out
more about how we can help you.
Stuart MacKenzie M.A. (Hons), DipFA
Managing Director
DD: 0141 212 4582
Email: stuart.mackenzie@kelvinsmithfp.co.uk
Helen Fergus DipPFS
Paraplanner
DD: 0141 212 4585
Email: helen.fergus@kelvinsmithfp.co.uk
Allan Kinnaird DipFA
Independent Financial Advisor
DD: 0141 212 4592
Email: allan.kinnaird@kelvinsmithfp.co.uk
Kyla Fergus
Financial Services Administrator
DD: 0141 473 8569
Email: kyla.fergus@kelvinsmithfp.co.uk
Nicole Balmer
Financial Services Administrator
DD: 0141 212 4594
Email: nicole.balmer@kelvinsmithfp.co.uk
Jackie Fowler Chartered MCSI MLIBF
Independent Financial Advisor
DD: 0141 212 4583
Email: jackie.fowler@kelvinsmithfp.co.uk
Address:
The Sinclair Building,
18-20 Eagle Street, Glasgow, G4 9XA
Tel: 0141 473 8560
Email: advice@kelvinsmithfp.co.uk
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