Business Protection

At Financial Advice Centre, we work with our clients to ensure they have the right business protection and insurances in place should the unexpected happen. This makes sure our clients are protecting their businesses if something were to go wrong.

For specific advice, please get in touch.

Key Person Insurance

Key Person Insurance

Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.

Partnership Protection

Partnership Protection

One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.

Relevant Life Plan

Relevant Life Plan

A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.

Shareholder Protection

Shareholder Protection

In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder

Markets

Lloyds banking group announced on Wednesday the closure of 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches scheduled for between April and October of 2020.
Lloyds Banking Group has announced plans to shut 56 of it local branches across the UK.The company said 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches will be shut across the UK as fewer
The group said the decision is linked to "changing customer behaviours and the reduced number of transactions being made in branches" as an increasing number of customers shift to online banking only
The bill for the 737 Max crisis helped push it to a $636m loss for 2019.
Aircraft manufacturer said costs associated with grounding to surpass €16bn