Business Insurance

A Relevant Life policy allows a limited company or LLP to provide life insurance for an employee or director, with the employee choosing their own beneficiaries. The company pays the premiums as a deductible business expense, and the benefit is paid free of income tax and inheritance tax. It’s HMRC-approved and often significantly more cost-effective than a personal life policy for higher or additional rate taxpayers. Ideal for directors, senior employees, or anyone who has exceeded their lifetime or annual pension allowance.

If a shareholder dies, their shares typically pass to their estate. Without planning, this can mean spouses or family members inherit a stake in the business they have no involvement in — potentially disrupting operations, decision-making, and company direction. Shareholder protection provides funds for the remaining shareholders to buy back those shares at an agreed value, keeping ownership within the business. It works alongside a cross-option agreement (which we can help you arrange with your solicitor) to create a binding framework.

Protects the business against the financial impact of losing a key employee — whether through death or critical illness. The company owns the policy and receives the payout, which can be used to cover lost revenue, fund recruitment costs, repay business debts, or support cash flow during a transition period. Particularly important for businesses where a single individual drives a large portion of revenue, client relationships, or technical expertise.

An employer-funded benefit that provides life cover for all eligible staff. If an employee dies while employed, a lump sum (typically 2–4x salary) is paid to their nominated beneficiaries via a master trust. It’s a cost-effective way to attract and retain talent, demonstrates duty of care, and can be more affordable per head than individual policies. We arrange group schemes for companies of all sizes.