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Building a Business Takes Years. Losing it Can Take Moments.
Most business owners understand the need for Public Liability or Buildings insurance. However, many overlook the financial impact of losing a key Director, Partner, or highly skilled employee.
If a key person were to suffer a serious illness or pass away, the disruption to revenue, creditor confidence, and day-to-day operations can be devastating.
Business Protection is about continuity. It provides the funds necessary to keep your business afloat, buy out shares, or recruit a replacement during the most difficult times.
1. Key Person Protection
What is it? Often called "Keyman Insurance," this policy pays a cash lump sum to the business if a crucial staff member dies or becomes critically ill.
Why you need it: The cash injection covers lost profits, pays off business loans, or funds the cost of finding and training a replacement, ensuring the company survives the loss.
2. Shareholder & Partnership Protection
What is it? If a shareholder dies, their shares usually pass to their family—not their business partners. This can leave the surviving partners working with family members who have no interest or expertise in the business.
Why you need it: This insurance provides the surviving partners with the funds to buy the shares back from the deceased’s family immediately. The family gets the cash they need, and you retain control of your company.
3. Relevant Life Plans
What is it? A tax-efficient life insurance policy taken out by the business for an employee or director.
Why you need it: It is often cheaper than a personal policy because the premiums are usually treated as a business expense (reducing your Corporation Tax bill). The payout goes tax-free to the employee's family, not the business.
How ARM Associates Helps: Independent & Clear
Business protection is complex. It involves not just insurance, but also legal agreements (like Cross-Option Agreements) and tax considerations.
We provide straightforward advice that makes sense for your bottom line.
As Independent Financial Advisers, we work for you, not the insurance companies. We assess your business structure, identify where your risks are, and find the most cost-effective policies from the whole of the market.
We help you answer the hard questions:
How much is your top salesperson actually worth to your turnover?
Do you have a legal agreement in place if a partner dies?
Are you paying for life insurance personally when the business could pay for it tax-efficiently?
Protecting Your Premises and Your Livelihood
Protecting Your Premises and Your Livelihood
Whether you run a high street boutique, a busy café, or a professional consultancy, your premises are the heart of your business.
More Than Just 'Bricks and Mortar' Coverage
Running a shop or office comes with a unique set of risks that standard property insurance simply doesn't cover. It isn't just about the building itself—it's about the stock on your shelves, the expensive IT equipment on your desks, and the customers walking through your door.
ARM Associates can help to find the right policy for you with the right amount of cover.
4. Liability Protection
Public & Employers' Liability If a customer trips over a cable in your shop, or an employee injures their back moving stock, the legal claims can run into the thousands. This cover is often a legal requirement (for employees) and a vital safety net for your business assets.
5. Contents & Stock
Equipment, Stock & Money We ensure your policy covers the full replacement value of your assets—not just the "market value." We can also arrange specific cover for "Seasonal Increases" (automatically increasing your stock cover during Christmas or busy periods) so you aren't caught short.
6. Business Interruption
Keeping the Cash Flowing If a flood or fire closes your premises for six months, how do you pay the rent and staff? Business Interruption cover replaces your lost gross profit during the downtime, ensuring your business is still there when the doors reopen.
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