       
 
 
 5.0 
   Top Rated Service 2026 
 verified by Trustindex 
 Trustindex verifies that the company has a review score above 4.5, based on reviews collected on Google over the past 12 months, qualifying it to receive the Top Rated Certificate.

Business Protection Advisers

Business Protection Insurance

Safeguard your company against financial loss if a key person, shareholder, or business partner dies or becomes critically ill. Our business protection advisers help you find tailored insurance to keep your business running smoothly, whatever happens.

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 5.0
 5.0
 Top Rated Service 
   Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
 
 
 
 
 
   
 
 
      Posted on Google  
   
   Lee Barrow 
 262 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We arranged our life insurance with Lewis, who I can't recommend highly enough. There was a few medical issues from our side which he was able to get sorted with the provider.
  
 
     Posted on Google  
   
   Adam Pendleton-Brown 
 343 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We were put in touch with a gentleman called Kieran. This appointment was to discuss the possibility of taking out a new critical illness cover. He explained that he had done some research and went through the options. Kieran was very thorough and explained everything in detail. From start to finish the service was excellent.
  
 
     Posted on Google  
   
   Xanthe Weatherhead 
 350 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Olivia was fantastic from start to finish. She gave me so much information in our initial conversation before I had even agreed to use her as my broker. I felt so confident that I would be looked after and it was true! Olivia kept track of the mortgage rates throughout, locking in lower mortgage interest rates as they changed whilst waiting for our house to go through. She was so patient with us when we had to reapply as our first sale fell through and even successfully appealed for us when our mortgage for the second house was initially rejected. Olivia also provided great advice regarding protection for our home and livelihoods. I would highly recommend her.

What Is Business Protection Insurance?

Business protection insurance helps ensure your company can continue operating if an owner, shareholder, or key employee dies or becomes seriously ill. It provides a financial safety net - helping with loan repayments, recruitment costs, or share purchase arrangements.

Include a short explainer list:

Key Person Insurance – Protects the business if a vital individual passes away or is unable to work.

Shareholder Protection – Ensures remaining owners can buy shares from a deceased partner’s estate.

Relevant Life Cover – A tax-efficient life insurance policy for directors or employees, paid for by the company.

Why Your Business Needs Protection

Many businesses rely heavily on a few key individuals. Losing one unexpectedly can cause disruption, loss of clients, or financial strain.

Common reasons to take out business protection:

To cover business loans or debts

To ensure continuity and client confidence

To secure shareholder control

To protect against loss of profits

To provide tax-efficient cover for directors

Did you know?
HMRC may allow certain business protection premiums as allowable expenses - speak with your adviser for details.

Types of Business Protection We Offer

Key Person Insurance

Protects your business income if a key employee, director, or owner dies or suffers a critical illness.

Shareholder Protection

Allows remaining shareholders to buy out the shares of a deceased or critically ill partner, keeping control of the business.

Relevant Life Cover

A cost-effective life insurance policy paid by the company - ideal for directors and high-earning employees.

Why Choose Beals Financial Services?

At Beals, we understand how important it is to protect the business you’ve built. That’s why we only work with insurers who meet our strict criteria for financial stability, claims handling, and value for money - ensuring your cover is reliable when it matters most.

We only work with insurers who meet our strict criteria and financial stability

FCA-registered advisers specialising in business protection

We tailor each policy to your company’s size, structure, and risks

We support you with tax-efficient business protection planning

We offer a personal, long-term relationship with your dedicated adviser

Frequently Asked Business Protection Questions

What is business protection insurance?

Business protection insurance helps protect your company if a key person, shareholder, or business partner dies or becomes critically ill. The policy pays out a lump sum to help with costs such as recruiting replacements, repaying loans, or buying out a shareholder’s share of the business.

Do I need business protection insurance?

If your company would struggle financially without certain individuals - such as directors, shareholders, or senior employees - then business protection is essential. It ensures continuity and stability if someone critical can no longer work or passes away.

What is key person insurance?

Key person insurance (also known as keyman insurance) protects your business from financial loss if someone vital to the company (like a founder, director, or top performer) dies or becomes critically ill. The payout helps cover lost profits, recruitment costs, or loan repayments.

Is business protection insurance tax deductible?

In some cases, yes - HMRC may allow business protection premiums as an allowable expense if structured correctly. This depends on your company type and policy purpose. We’ll help you assess whether your policy can be made tax-efficient.

What’s the difference between key person insurance and shareholder protection?

Key person insurance protects against the loss of income caused by a key individual’s death or illness, while shareholder protection ensures the remaining business owners can buy the shares of a deceased or critically ill partner. Many companies choose to have both for full coverage.

What is a Relevant Life policy?

A Relevant Life policy is a tax-efficient life insurance plan paid for by the business on behalf of a director or employee. It provides personal life cover that qualifies as a business expense, making it ideal for limited company directors and high-earning employees.

How much does business protection insurance cost?

The cost depends on factors such as the size of your business, the level of cover, and who you’re insuring. We’ll compare quotes from top-rated insurers who meet our strict criteria to find the best value and protection for your business.

Can small businesses get business protection insurance?

Yes - even small limited companies can benefit from business protection. Whether you’re a single-director firm or a small partnership, the right policy ensures your business can keep trading if something unexpected happens.

Speak to a Business Protection Specialist

Get expert advice on Key Person Insurance, Shareholder, or Relevant Life cover - tailored to your company’s needs.

Award Winning Network

Beals Wealth Management are proud to be part of Quilter Financial Planning, an award-winning network celebrated for its outstanding customer service, innovative platforms, and exceptional financial strength.

Recognised for Service

FT Financial Adviser Service Awards 2024 - Five Stars (Platform, Pension, Investments)

Defaqto - Gold Service (Platform, Pension, Investment Bond)

Investment Life & Pensions Moneyfacts Awards 2024 - Best Online Service

Highly Rated Products

Defaqto - 5 Star rating (Platform, Personal, Pension, Drawdown & Onshore Bond)

Defaqto - 5 Diamond rating (WealthSelect, Monthly Income, Cirilium Blend, Cirilium Passive and Creation)

Money Marketing Awards 2024 - Best Retirement Provider

Exceptional Platform

Member of The London Institute of Banking and Finance

Schroders UK Platform Awards 2024 - Platform of the Year

Investment Life & Pensions Moneyfacts Awards 2024 - Best Wrap/Platform

Expert Financial Advice UK Wide