Business Protection

Project Description

Business Protection

Being prepared for the unexpected is key to running a successful business in the long term. Business protection is vital if your business is to survive should the worst happen. Our Financial Advisers can advise you on protecting your business loans and mortgages, your key staff and the shares in your business.

Business Loans and Mortgages protection

Following the death of a key person such as a company director some business loans and mortgages may need to be repaid.

This can cause serious problems for the business if an alternative source of finance is not available.

Business loan and mortgage protection can be set up to ensure there are funds available for any company debts to be repaid should a key person die or be diagnosed with a critical illness.

Keyperson Cover

Every business will have key people whose skill, knowledge, experience or leadership are critical to its continued success and profitability. The loss of a key person can be highly damaging to a business, causing the loss of business relationships or professional expertise.

Key person insurance can provide the business with cash to compensate for the loss of profits and the cost of finding and training a replacement in the event of the death of a key person.

Share Protection Cover

Many small businesses operate as a partnership of two or more individuals. When one partner dies, their share of the partnership passes to their estate and technically the partnership is dissolved, which may not be convenient for the surviving partners.

It is often in the interests of all concerned for the surviving partners to purchase the business share of the deceased partner, so the business can continue to operate as before, and the beneficiaries receive a fair price for the shares.

Shareholder Protection can provide a fund to allow the surviving owners to buy the business share as well as additional funds to cover cash flow and loss of profits caused by the death or critical illness of a business owner.

The Challenges

Speak to our experts to arrange a free consultation
Call us on 02920 620777 or Arrange a Callback


About Company

Watkin Davies Insurance Consultants are one of Wales’ largest Independent Insurance Brokers, established in 1978 by Roger Watkins. Since this time we have become one of the leading Commercial and Personal Insurance Brokers in the region and the trusted insurance advisor to hundreds of Welsh and UK businesses and individuals.

Copyright © 2018 Watkin Davies Insurance Consultants Ltd

Head Office

15 & 19 Penlline Road
Cardiff, CF14 2AA
029 2062 6226

Opening Hours

  • Monday-Friday: 9am to 5.30pm
  • Saturday: 9am to 1pm
  • Sunday: Closed