Contact Us:
0151 244 7155 or 03333 234 705
Facebook
Google Plus
Twitter
Copyright @ 2015 Heriot Hughes Wealth Management Limited.  Heriot Hughes Wealth Management Limited is an Appointed Representative of
LJ Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority.

Heriot Hughes Wealth Management Limited is Registered in England.  Registration Number 09564352.
Registered office: 42 Crosby Road North, Crosby, Liverpool, L22 4QQ.  Registered in England.



Please read our Privacy & Cookie Policy” and “Disclaimer” before taking any action.
The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.
Protection

Protection



Good financial planning can help determine the success or failure of
running a business. To help ensure the survival of your business it’s
important that the business has suitable protection in place.


Shareholder / Partnership Protection


Without share protection, the loss of a stakeholder can have a huge
impact on a business.

It could mean shareholders could end up being in business with people
who may have little or no interest in the business; or the skills needed to
make the business a success.


What is Shareholder / partnership Protection?


Share Protection allows the remaining partners, shareholding directors or
members to remain in control of the business following the death of a
business owner.

·        


·        

What is Business Loan Protection?


Business Loan Protection helps businesses pay an outstanding overdraft, loan or commercial mortgage, should a key person die or be
diagnosed with a specified critical illness during the length of the policy. It also pays out for terminal illness if our definition is met, except in
the last 12 months of the policy.

·        

How does Business Loan Protection work?


Business Loan Protection is a life assurance or life assurance and critical illness policy. It can be taken out on the life of a person/s within
your business. When a valid business loan protection claim is made a sum is paid to help an outstanding debt.


Why consider Business Loan Protection?


Being unable to repay loans can be a serious problem for a business following the death of a key person. For instance, Director loan
accounts should be paid off on death - without business loan protection, where would this money come from?

How does Shareholder / Partnership Protection work?


In the event of a business owner dying or being diagnosed with a terminal or specified critical illness*, share protection can provide a lump
sum to the remaining business owners. This means that in the event of a valid claim being made during the length of the policy, the lump
sum could be used to help purchase the deceased partners/shareholding directors/members interest in the business.

*If Critical Illness Cover is chosen as an additional option for an extra cost.


Why consider Share Protection?


If a business owner dies with no share protection in place his or her share in the business may be passed to their family. This means that
the surviving business owners could lose control of a proportion or, in some circumstances, all of the business. The family may choose to
become involved in the ongoing running of the business or could even sell their share to a competitor. A share protection policy can help
avoid these issues.


Keyman Cover


People are often a companys biggest asset and losing a key person can be very damaging. The business could be hit
by a loss of profit, reduced sales, recruitment/training costs, or disruption to their plans.


What is Key Person Protection?


Put simply, Key Person Protection (also known as key man insurance or key person insurance) is a business insuring itself against the
financial loss it would suffer if a key person in their business died or were diagnosed with a specified critical illness if chosen, during the
length of the policy. It also pays out if the key person is terminally ill and meet our definition, except in the last 12 months of the policy.
·        

How does Key Person Protection Work?


Key Person Protection is a life assurance or life assurance and critical illness cover policy taken out to cover the life of a key person within
your business. The policy is owned and paid for by the employer, so any pay-out is payable to the employer.

Why do I need Key Person Protection?  The loss of a key person in your business could have a severe impact. The business could suffer
badly, with sales and profits falling and increased workloads for the remaining staff.

Key Person Protection is designed to pay out a lump sum on the death of the insured key person, during the length of the policy. It is paid
as a lump sum and could significantly help the business to recover. The proceeds can be used to help replace lost profit or finding and hiring
a replacement.

Income Protection / Protecting income through long term illness or disability



It is designed for either shareholding directors or non-shareholding executives looking to protect their earnings from the financial risk of
sickness or injury.

Income protection allows you to protect your monthly earnings and family savings form the risk of sickness or injury.

The policy pays out a monthly benefit should you be unable to work due to practically any medical condition. This form of earnings policy is
very comprehensive, covering health conditions ranging from cancer and heart disease to stress and backache.


Business Loan Protection


If your business has outstanding borrowings such as a loan, commercial mortgage or director loan account then Business Loan Protection
could help you.