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Business Protection Insurance

Business protection insurance is a financial safety net for companies when owners or employees face illness or death. It’s a crucial lifeline for business continuity during tough times. The critical illness or demise of a key team member or co-owner can have significant financial and knowledge loss implications. Business protection serves as a vital shield, preserving the company’s financial stability in trying circumstances.

Cover can include:

Key Person Cover

Business Loan Protection

Shareholder Protection

Partnership Protection


What is business protection?

Business protection is a type of insurance that helps protect a business against possible financial losses when illness or death affects the owners or their employees. By including business protection in a firm’s business plans, owners can help the business to survive and continue trading under seriously challenging circumstances. Business protection is different to personal protection because it reflects particular business needs. For example, the insurance could cover the life of another person such as a key employee, to protect against significant loss of earnings should they die or while they recover from serious illness. Business protection can also be used to ensure the ability of business owners to repay a loan in similar circumstances.


Common Inquiries


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Will our insurance policy cover our volunteers?
When buying your policy from us, you should select employers’ liability insurance and public liability insurance to cover your volunteers.
Do I need insurance for my charity?

You must have insurance if your charity employs staff or operates vehicles on public roads. Prima Insurance recommends that all charities consider getting a charity insurance policy. If, for example, your charity office is flooded, business interruption cover, which is included in your policy, ensures that your charity can keep on providing support and generating funds.

Do I need separate liability insurance for a fundraising event that I am organising?
We automatically cover most fundraising events under the charity liability insurance section of our policy, but for others we may need additional information to ensure that you are properly covered.

Expert advice from Prima Insurance Brokers

Drawing from years of experience across various industries, we are the go-to advisors for Business Protection Insurance. Our commitment to thoroughly understanding each business forms the foundation of a strong and dependable partnership.