11 Purdeys Way, Rochford, England, SS4 1ND
11 Purdeys Way, Rochford, England, SS4 1ND
Business Protection Experts
Independent UK Broker
Trusted by UK Directors Since 2008
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Key Person Insurance is a vital form of business protection. It ensures your company remains financially secure if a team member unexpectedly dies or becomes critically ill. Your company can safeguard against the sudden loss of a key contributor, navigate challenging transitions smoothly and protect future growth with the help of Key Person Insurance.
You may also wish to take out relevant life Insurance for your employees. If an employee or director dies or develops a terminal illness, the insurance will pay out a lump sum to their beneficiary.
Key Person Insurance is a vital form of business protection. It ensures your company remains financially secure if…
This type of insurance provides a financial cushion to cover potential losses in revenue, recruitment․
Business Loan Protection is a form of life insurance. It pays off your outstanding corporate debts․
Private health insurance in the UK provides cover for medical expenses incurred by the policyholder․
A commercial insurance policy is an insurance cover that protects businesses from losses associated with the risks of operating. It is insurance purchased by companies rather than individuals or families.
Some key things to know about commercial insurance:
Employer’s liability insurance is mandatory in the UK for essentially all companies with staff. It provides protection if an employee suffers an injury or illness due to negligence on behalf of the employer.
Policies must provide minimum coverage of £5 million and cover costs such as:
Even employers careful about workplace safety need this coverage given the risks of employee accidents or unprevented occupational hazards.
Public liability insurance covers legal costs, settlements and damages if a third party is injured or their property damaged as a result of company operations. It protects against claims from customers, vendors, or other members of the public.
Retail stores, restaurants, manufacturers, contractors, and professional service firms all need public liability to manage risks like:
Typical policies provide £1-5 million in coverage, which can be increased based on specific risk profiles.
For companies and contractors providing professional services like consulting, accounting, project management and technology services, professional indemnity coverage is essential. This insures against claims made by clients resulting from poor or negligent work.
Common risks include:
Beyond financial losses from claims, this insurance covers defense costs against allegations and legal liabilities. Policies from £250,000 up to £10 million are available.
For small and mid-sized companies that lease or own their business premises, commercial property insurance is vital for protecting those physical assets. It commonly combines multiple key coverages:
Additional cover like machinery breakdown insurance can also be added based on specific needs.
In today’s digital economy, companies of all sizes need cyber insurance to manage risks like data breaches, hacking, malware attacks and electronic fraud. Policies can include:
Premiums range from £500/year for micro-businesses to tens of thousands for large enterprises.
Directors and officers personally carry risks related to their professional decisions and actions. D&O insurance protects board directors and senior leadership against claims alleging wrongful acts like misrepresentation, breach of duty, or negligent management. This covers investigation costs, legal defence expenses, settlements and damages awarded.
All private and public companies should require D&O coverage for leaders making business judgements that can still result in liability.
3 Simple Steps.
Submit the details of the key member of staff
We compare the quotes
Then submit your application to underwriting.
What people are saying about us.
Jody was very helpful in explaining the options and I thoroughly recommend his company
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the most suitable we found too.
Jody was very helpful in explaining the options and I thoroughly recommend his company
The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the most suitable we found too.
Jody was very helpful in explaining the options and I thoroughly recommend his company
Key man insurance taxation rules have changed in 2024, affecting how businesses manage this important coverage. Here’s what you need to know about the latest updates.
Key man insurance is crucial for protecting your business from the unexpected loss of key personnel. Here are 5 reasons why every company should consider this essential cover.
Wondering how much cover your business needs? Our calculator makes it easy to find the right coverage for your key employees.
Aviva Relevant Life Insurance Review Request A Quote Today speak to one of our advisors or fill in our form to When it comes to Relevant Life Insurance…
Here are some of the main legally required insurance policies for businesses in the UK:
Yes, commercial insurance premiums are typically tax deductible expenses in the UK. Some key things businesses should know:
Consult an accountant or HMRC for specifics on claiming insurance premium deductions for your particular business structure. Taking the write-off can provide useful tax savings.
Here are two other types of insurance companies may consider:
Here are some tips for getting the most suitable deal on commercial insurance in the UK:
