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Business Protection
Help protect your business, your income and the people behind it with clear, no-fee business protection advice.
30+ Years’ Experience
Nationwide Service
Your Business Relies on Key People
For many business owners, a small number of people are central to the day-to-day success of the business.
That could be a director, shareholder, partner, key employee or the person responsible for client relationships, sales, operations or specialist knowledge.
If one of those people dies, becomes seriously ill or is unable to continue working, the financial and operational impact on the business can be significant.
At Covermore, we help company directors, sole traders, partnerships and business owners understand what protection may be relevant for their business, their family and their long-term plans.
Thank you,
Raphael Ihuoma.
I highly recommend Nigel and Covermore Insurance to anyone looking for reliable coverage and top-tier customer service.
What really stood out was the level of care and dedication he showed nothing was too much trouble, every question was answered promptly, and we always felt completely supported. It’s rare to come across someone so knowledgeable and genuinely committed to getting the best result for their clients.
Thanks to Barry, what could have been a stressful process was handled smoothly and with total confidence. We can’t recommend Covermore highly enough.
We had a fantastic experience with Covermore Financial, and especially with Eric. From start to finish, the mortgage process was smooth and well-handled. Eric’s professionalism, knowledge, and guidance made everything so much easier for us. He truly went above and beyond.
We are delighted with our new home and very grateful for the excellent support we received. Couldn’t recommend Covermore Financial enough!
Emilia was incredibly knowledgeable, patient, and supportive. She took the time to understand my needs and guided me through the mortgage process with clarity and confidence Her professionalism and attention to detail made the entire experience smooth and stress-free.
I wholeheartedly recommend Emilia and the team at Covermore Financial to anyone seeking reliable and expert financial or mortgage services. They go above and beyond for their clients, and I couldn’t be happier with the outcome.
What business protection can
help you consider
Key Person Insurance
Key person cover can help protect a business against the financial impact of losing an important employee, director or owner.
Shareholder Protection
Shareholder protection can help provide funds for remaining shareholders to buy back shares if a shareholder dies or becomes seriously ill, subject to policy terms and any related legal agreements.
Partnership Protection
For partnerships, protection can help provide financial clarity if a partner dies or becomes seriously ill.
Business Loan Protection
Business borrowing can create a significant risk if a director, partner or key person dies or becomes seriously ill.
Income Protection for Business Owners
If you are central to your business and unable to work due to illness or injury, income protection will help provide a replacement income, subject to policy terms, conditions and underwriting.
No-fee financial advice.
30+ Years of Experience.
Long-term support.
Clear guidance.
What to consider when protecting your business
Protecting your business means considering how the business would manage financially if you were no longer there.
Who is critical to the business?
Think about the people whose skills, relationships, knowledge or decision-making are difficult to replace.
Your business debts and commitments
Loans, overdrafts, commercial borrowing, leases and other commitments may still need to be met if a key person is no longer able to contribute.
Your shareholding or partnership structure
If a shareholder or partner dies, it is important to consider what could happen to their share of the business and how ownership may be managed.
Your family’s financial security
Your business may provide most of your household income and long-term wealth.
Business protection should sit alongside personal life cover, income protection, pension planning and family protection
How Covermore helps with Business Protection
At Covermore, we believe good advice starts with a proper conversation. We take the time to understand your life, your concerns, your goals and what you already have in place.
Then we help you identify what may need attention now, what can wait, and what your next smart financial decision should be.
Financial planning should not feel intimidating.
Understand your business and personal position
We start with a conversation about your business structure, ownership, key people, borrowing, income, existing cover and future plans.
Identify potential risks
We help you consider what financial or operational pressure the business could face if a key person, shareholder or partner was no longer able to contribute.
Explain your options clearly
We explain the relevant protection options in plain English, without unnecessary jargon or pressure.
Consider the wider picture
Business protection is only one part of the plan.
We also help you consider personal protection, pensions, savings, investments and long-term financial planning.
We have partnered up with Ireland’s leading Life Insurance providers & Mortgage lenders
Based on
your situation
Business protection should reflect your business structure, financial commitments, key people and future plans.
We take the time to understand your circumstances, explain the options clearly and help you arrange suitable cover to protect your business.
I am a company director
We can help you consider protection for your income, shareholding, business loans and wider financial responsibilities.
I run a partnership
We can help you consider partnership protection, business borrowing and what could happen if one partner is no longer able to continue in the business.
My business relies heavily on one person
We can help you assess whether key person protection may be relevant for an employee, director, owner or specialist team member.
I have business borrowing
We can help you consider whether existing business loans, overdrafts or other borrowing should form part of your protection review.
I have shareholders in my business
We can help you consider shareholder protection and how it may support continuity if a shareholder dies or becomes seriously ill.
I am self-employed
As a sole trader, your income and business may depend heavily on your ability to keep working.
We can help you consider income protection and wider personal financial protection.
What to prepare before speaking to a business protection advisor
It can be useful to have a general understanding of:
Your business structure and ownership arrangement
Your directors, shareholders, partners and key employees
Any business loans, overdrafts or financial commitments
Your income and household responsibilities
Existing business protection, life cover or income protection
Do not worry if you do not have every detail ready. We can help you understand what information may be needed.
Not sure what financial step to take next?
Do Covermore charge a fee for business protection consultations?
Covermore provides no-fee business protection consultations. We will explain clearly how the process works before you make any decision.
What is key person insurance?
Key person insurance is designed to help protect a business against the financial impact of losing a key employee, director or owner, subject to policy terms and conditions.
What is shareholder protection?
Shareholder protection can help provide funds for remaining shareholders to buy back shares if a shareholder dies or becomes seriously ill, subject to policy terms, conditions and any related legal agreements.
What is partnership protection?
Partnership protection can help provide financial support for the remaining partners if a partner dies or becomes seriously ill, while helping to address the future ownership of the business.
Can business protection cover company loans?
Business loan protection may be available to help repay or reduce qualifying business borrowing if a covered person dies or becomes seriously ill, subject to policy terms and conditions.
Do sole traders need business protection?
Sole traders may not need the same cover as a company or partnership, but income protection, life cover and personal financial protection can still be very important where the business depends on their ability to work.