Business Protection

Businesses may want to protect the key employees within their firm – perhaps the key salesperson, or the IT manager without whom the business will not function properly. Keyperson / shareholder / partnership protection can provide a fixed sum should the individual be unable to work, or even die. The benefit will be designed to cover the firm’s expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.

If a shareholder were to pass away, the firms remaining shareholders or directors may want to purchase the deceased’s shares from their estate promptly to maintain control of their business. The same scenario also applies to partners in a firm.

Relevant Life

Relevant life insurance allows business owners to provide their employees with death-in-service benefits outside a registered group life scheme. It’s designed to pay out a lump sum on death or diagnosis of a terminal illness. Straightforward and cost-effective, it can also be tax-efficient for the business and the employee.

Partnership Protection

Partnership protection guards your clients’ businesses against losing control of the partnership in the event of a partner being diagnosed with a critical illness, terminal illness or if they die. A life or critical illness policy will provide funds to buy the interest in the partnership from the affected partner or their estate.

Shareholder Protection

Shareholder Protection allows for a planned succession of a shareholder or partner’s business stake should they fall ill or die, with options such as required buybacks.

Key Person Cover

Key person cover protects businesses if an employee who significantly contributes to their success becomes terminally or critically ill, or dies.

ICON business Protection Services in Derby

Meet the team

The Quadros Financial Solutions team in Derby & Burton on Trent has many years’ experience providing practical financial planning advice to people, families & businesses throughout the UK.

Get in touch

If you have any questions or would like to have an initial chat, please call on Derby 01332 505 990, Burton on Trent 01283 347 154 or email:

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