Business protection

Life often throws many challenges - what would happen to your clients business if the worst should happen? Watch the short animation below which highlights the need for business protection.

• Business Protection animation (this animation is being updated and will be made available shortly)

(Speak to your consultant to find out about how to access the video for use with your clients)

Relevant Life is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to its employees (including salaried directors). It's set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee's family or financial dependents. To find out more about our Relevant Life policy, click here.

It can be a way to open doors with businesses and lead conversations into other business protection needs.

The main reasons businesses will need to consider protection are:

Loss of a Key Person

This is any member of staff who has a direct impact on the business’s profits. It could be the business owner, director, sales person or any employee with specialist skills or expertise.

Shareholder and Partnership Protection

Share Protection and Partnership Protection will help business owners keep control of the company if one of them dies or is diagnosed with a critical illness covered by the plan.

Relevant Life Cover

Relevant Life cover is a tax-efficient life insurance policy, allowing companies to offer death in service benefits to their staff

What are the types of protection policies available?

Zurich offers two types of protection policies for businesses; life cover or life or earlier critical illness which can be set up as a level or decreasing term plan.

• Business Protection - Adviser Guide

This guide brings you everything you need to take advantage of opportunities in the business protection market. Whether you’re already writing this type of business or it’s a new avenue you’d like to explore, we can help you succeed.

Supporting you

• Client facing sales aid
• Professional Connections Letter
• Business Protection payment equalisation
• Relevant Life policy - Could your life cover be more tax efficient?
• Translating your business protection needs into plans

Forms

• Business Protection fact find

Technical Guides

• Business Protection - how to set up plans
• Business Protection - Translating needs into plans
• Business Protection - Guide to Key man policy
• Business Protection - HMRC key man loan protection
• Business Protection - HMRC key man loss of profits
• Guide to Business Succession - Companies
• Guide to Business Succession - Partnership
• Guide to corporate share protection
• Guide to covering business liabilities
• Guide to key person protection
• Guide to Money Laundering for businesses
• Premium Equalisation

Terms and conditions

• Free cover - Business Protection
• Free cover - Relevant Life Protection

Trusts

• Flexible Business Trust Deed
• Partnership Keyperson Trust
• Spousal by-pass trust for business interests
• Relevant Life Policy Trust Deed
• Draft Option Agreement For Purchase On Critical Illness
• Draft Double Option Agreement
• Draft Double Option Agreement for share purchase on death (including spousal shares)
• Draft Double Option Agreement for company share purchase following the critical illness of a shareholder
• Draft Double Option Agreement for company share purchase following the death of a shareholder
• Relevant Life Nomination Form