Business Protection / Key Man Insurance

Most businesses understand the need to insure their premises, equipment and stock. But many don't stop to think what would happen if they lost their most important asset: their people.

The fact is many small and medium-sized businesses rely on certain key people. It could be the sales manager, whose contacts and relationships with customers make sure that sales remain on target and the business is profitable. It could be a designer responsible for the development of new products. Without these people the business could suffer serious financial loss, or even have to stop trading altogether.

But it's not just about the loss of profit a business could suffer. What would happen if one of the owners dies or suffers a critical illness? Who would take their place in the boardroom? Would that person have the skills necessary to fill the role? Would they want to?

Business protection is designed to protect businesses against the effects of losing one of their key people or one of the owners through death, critical illness or temporary disability.

North Star Financial Services are proud to offer tailor made protection solutions from the UK's leading insurance providers to ensure that should the worst happen your business does not need to suffer.