If your business borrows money, you may wish to consider insurance cover to repay some or all of the loan on the death or critical illness of a shareholder, partner or key person.
Lenders may have the right to demand the business pays back any outstanding loans and this could be difficult to pay off at short notice. The loss of a key person can put immense pressure on remaining owners if there are any outstanding financial commitments. This is a key factor in why many businesses choose Business Loan Protection.
Types of debt you can cover:
Talk to us today about Business Loan Protection