Business Protection

Refreshed June 2023 | CPD time: 1 Hour 15 Minutes

Most companies have insurance in place, but they also need to take into account their most important assets – the people that contribute most to the success of the business. To this end, business protection packages have been developed which are made up of life insurance and critical illness cover policies, and hence provide for continuity and succession planning. This module covers the specifics of key person insurance and shareholder and partnership protection as well as providing an outline of how such policies are regulated. Although many of the concepts will be similar in other countries, the module is based on the legal and tax position of business protection policies in the UK.