Business Protection Insurance Bristol

Explore Protection for Business Protection

Running a business is like raising a child—it takes immense dedication, sacrifice, and care. As a business owner, ensuring the longevity and smooth operation of your company, even in the face of unexpected challenges, is crucial. Speak to us today to safeguard your business from the risks of death and serious illness with the right insurance solutions.

Business in Trusted Hands

Keep your business in the right hands

Secure Profits, Always

Secure profits, no matter what happens

Seamless Recruitment Solutions

Ensure seamless operations by recruiting the right replacements.

Key Person Insurance

In every business, there are key individuals whose knowledge, skills, and experience directly contribute to its success. These individuals—whether directors, team leaders, or specialists—are indispensable to maintaining profits and operations. Identifying and protecting these key people is essential to securing the future of your business.

If a key person were to pass away or face a serious illness, the impact on your business could be significant:

Client relationships at risk: Clients may lose confidence if their trusted point of contact is no longer available.

Investor concerns: Investors could withdraw support or call in loans early due to uncertainty.

Profitability challenges: Loss of expertise can lead to decreased revenue and operational inefficiencies.

Recruitment costs: Finding a suitable replacement with equivalent skills is costly and time-consuming.

A Key Person Protection Plan ensures your business remains financially stable and operationally sound, no matter what happens.

Shareholder Protection

For companies with multiple shareholders, not having a shareholder protection plan in place can lead to unexpected challenges.

If a shareholder passes away or becomes critically ill, their shares typically transfer to their next-of-kin. This can lead to:

Unqualified ownership: The new shareholder may lack the expertise, interest, or commitment to the business.

Potential third-party involvement: Without funds to buy back the shares, they could be sold to someone outside the company, potentially disrupting operations or misaligning goals.

Shareholder Protection Insurance provides a simple and effective solution:

Each shareholder is insured for the value of their shares, with regular reviews to keep valuations up to date.

In the event of death or critical illness, the insurance payout allows the company to buy back the shares, ensuring they remain within trusted hands.

Future-Proof Your Business

Whether it’s protecting your profits, ensuring operational continuity, or keeping ownership within the right hands, we’re here to help you secure the future of your business.

Speak to us today about Key Person and Shareholder Protection plans and safeguard your company’s legacy.

Employee Benefits & Employee Salary Protection

In today’s competitive job market, salary is no longer the sole factor that attracts employees to a company. More and more, employees are seeking additional benefits that offer security and peace of mind for themselves and their families. Offering employee benefits such as life insurance and sick pay schemes can make a significant difference in both attracting top talent and fostering loyalty within your team.

We can help you arrange tax-efficient life insurance for your employees and their families, as well as for company directors of limited companies, ensuring that they are well protected.

If you’re looking to provide sick pay for your key employees, we can also explore options for Executive Income Protection. This policy ensures that if an employee is unable to work due to illness or injury, the company receives their monthly salary, allowing you to continue supporting them financially while they recover.

Let us help you tailor benefits that will add real value for your team.

The 4 Steps to Peace of Mind

Getting to Know You

We’ll take the time to really get to know you, your dreams, your worries, and your financial situation. This helps us understand what truly matters to you and how we can protect the people and things you love the most.

A Plan That Fits Your Life

Whether you’re caring for a family, building a future on your own, or anything in between, we’ll carefully consider all your options. Together, we’ll find a plan that feels right for you and gives you the protection you deserve.

Supporting You Every Step

When you’re ready to move forward, we’ll take care of the details for you. From the application process to the day your policy starts, we’ll be there to guide and support you so you don’t have to worry about a thing.

Giving You Peace of Mind

Once everything is set up, you can relax knowing that, no matter what life throws your way, you and your loved ones will be taken care of. And as your life changes, we’ll be there to review your plan and make sure it still fits your needs.

Why us

we have a solution for everyone

For First Time Buyers

Buy-To-Let Mortgages

Moving Home Mortgages

We help you through the process and to secure you the right deal.

Re-mortgage Advice

Find the rate for your next mortgage application.

Shared Ownership Mortgages

If you are unable to purchase 100% of a home, get a shared ownership in Bristol.

Niche Mortgages

Our experienced mortgage advisors can help if you’re new to the industry.

Testimonals

What Our Clients Say About Us

Our clients’ testimonials reflect our commitment to providing exceptional service and personalised solutions.

Francesca Toft

Every team member at Mortgaged have been an absolute pleasure to deal with and have helped me and my partner an incredible amount during this whole process! We would 100% recommend Dan and his team to anyone looking for a trustworthy, experienced and reliable mortgage company. Thanks very much!

Jordaine Minchin

Dan has been amazing from start to finish in one of the most stressful purchases! He offered support, advice and recommendations, and after seeing our credit report helped us clear a couple of issues we didn’t notice previously also. After my buyer pulled out, Dan worked some kind of magic to find us a BTL mortgage and increase our onward purchase mortgage - all within about 2 days so we didn’t lose the house! Dans been great liaising with our estate agents and keeping us in loop - all whilst keeping my anxiety in mind and only coming back to me with good news and solutions. Would highly recommend Dan for a really personalised service. Really felt like he had my back the whole time and was as invested in the purchase as we were. We also spoke with Gemma to discuss life insurance. She also took a real interest in us and helped us find the best possible solutions within our agreed budget. She wasn’t pushy, and offered support and guidance, even filling in lots of the long-winded paperwork on her side so that we didn’t have that stress. Again, Gemma was great help in getting an extra product/offer for the newly needed BTL mortgage. Would definitely recommend Gemma to help you get the best cover for your money.

Mel Pradalie

I would highly recommend The Mortgaged, they are brilliant. Dan was extremely knowledgeable and provided guidance every step of the way. We had a very stressful experience when our sale fell through, Dan went above and beyond with his support and guidance, we were able finally get into a house 2 months after putting an offer in, just in time for Christmas!! Gemma was also very knowledgeable and took the time to get to know us in order to provide cover that would best suit our needs. She was there to answer any questions we had and was very quick to respond. I can’t recommend them enough! I look forward to speaking with them again when we come to remortgage in a few years!

Dave Cox

I worked with Dan on two concurrent mortgages in quite a tricky set of circumstances. Throughout, Dan showed himself to be a true expert in his field. On top of that, he was calm, a pleasure to speak with and always went the extra mile.

Candice Sullivan

Dan is the man. The mortgage man. He is our guy for all things mortgage related. And although we know he isn't just our guy, we share him with many other happy clients, he really did make us feel like renewing our mortgage was his top priority. We tested his patience with many nervous questions by phone and email when we didn't understand the process and he was quick to put us at ease with his knowledgable email responses and returned calls. His friendly calls and professional emails made us feel like he was always there for us when we needed him. Gemma guided us through switching to a life insurance provider which better suited our lifestyles and needs. She asked all the right questions to get to know us better and then put together easy to understand options for us to choose from. She too was friendly and professional, an absolute delight throughout the whole process. Trusting Dan & Gemma from The Mortgaged with our original mortgage then and our mortgage renewal and life insurance now is what we do for peace of mind and we can't recommend them enough. Thank you for all your support Dan and Gemma, we really appreciate you both! Justin and Candice Sullivan x

Rachael Lee

I can’t recommend Gemma highly enough. She’s friendly, patient, and her professional guidance has been exceptional. With my husband working offshore, we thought we’d struggle to find suitable cover without it costing a fortune. The world of insurance and mortgage protection usually gives us a headache, but Gemma took all the stress away. She talked us through every option and found the best cover to suit our personal circumstances.

Chris Wilson

These guys helped me get a mortgage during the most stressful time of my life. They were not only incredibly professional and efficient they were also amazing humans who i felt understood how stressful getting a mortgage can be and were always there with support. I could not recommend these guys are higher.

Richard Annerson

Excellent service from start to finish. Nothing was ever too much trouble and helped me find a mortgage solution that was right for me and my family 🙂 thank you

Emma T

The Mortaged made buying our first home a breeze! Dan was amazing in supporting us through the mortgage process, and finding us the best deal (not just once, but twice - that’s how long the sale took!). My partner was using the Forces Help to Buy scheme which isn’t particularly well known, but Dan’s knowledge of this was great, often informing other parties in the process of how it works. Nothing was ever too much trouble and Dan truly went above and beyond! Gemma was great in finding us the right protection by taking time to get to know us and understand our needs. It’s not easy to plan for when the worst might happen, but Gemma discussed this sensitively and now our minds are at ease knowing we have the right protection. A huge thank you to Dan and Gemma for all their help, couldn’t recommend the Mortaged enough, 11/10 service!

Mutari Salihu

Dan is an Excellent Mortgage Advisor

FAQs

Frequently Asked Questions

Your articles of association is a great place to start as this will confirm the share value and how shares are split between shareholders. We will work with you to implement the appropriate level of protection.

The amount of cover needed really depends on the reason behind the policy. If the coverage is for protecting a loan, the sum assured can be set to match the remaining loan balance. On the other hand, if it’s for covering potential loss of profits, we can calculate the sum based on projected lost profits per year. Additionally, the sum assured can be adjusted to include the estimated costs of hiring a replacement for a key person.

We’ll work closely with you to ensure the level of protection aligns with your business’s specific needs, providing you with the right coverage to protect your business.

A legal document called a cross-option agreement is implemented at the start of the policy. If one party enacts the cross-option, both parties have the comply and the transfer of policy proceeds for the shares must legally take place.

Tax efficiency can be a bit tricky when it comes to premiums and sums assured, as there are specific rules about which policies may qualify for tax relief or deductions. While we can offer general guidance on this for each product, we always work closely with your accountant to make sure the policies are arranged in the most efficient way for your business.

That said, the primary goal of these policies is to protect your business in the event of death or critical illness. While tax considerations are important, they shouldn’t be the main reason for obtaining these plans. Our focus is to ensure the policies give you the coverage and peace of mind you need, while also being mindful of any tax implications.