It’s critical to safeguard the company you’ve worked so hard to develop. We’re dedicated to finding you the proper business insurance to secure your livelihood, whether you’re just starting out or have been in company for a while.

We recognise that every company is distinct and has various insurance requirements. That’s why we work with a panel of the UK’s top insurers to find you the proper insurance so you can concentrate on what matters most: your business. Please call us on 01274 028 019, our skilled team can provide free, no-obligation advice.

Every business should insure itself against a variety of dangers, ranging from property damage to personal injury. If someone is injured and you don’t have the necessary business insurance, you could be held financially accountable to repair the damage or fund compensation and legal fees.

What you do for a living determines your company insurance needs. Most firms should have public liability insurance to protect themselves from claims made by other parties. Other coverages to consider include business materials, buildings, and employer’s liability, which is required by law if you have employees. Additional coverages, including as commercial legal fees and business interruption, are available to assist safeguard income lost due to property damage caused by an insured occurrence.

If you’re confused about your company’s insurance needs, set up a call with one of our insurance experts, who will be able to advise you on the best coverage for your needs. We know the risks you face and have access to the solutions available to defend against them thanks to our many years of expertise arranging insurance for both large and small enterprises.

The cost of your business insurance will be determined by your operations, location, and the amount and type of goods you wish to protect. Like any other type of insurance, the more coverage you need, the higher the rate.

Premiums for business insurance are set by taking into account a number of elements, each of which has its own pricing rating. Trade, location, and levels of coverage, to name a few, are all possible rating variables. The combination of these criteria will assist you in calculating your company’s risks and generating a premium to reflect them.

Business insurance often covers a wide range of hazards, including everything from personal injury to property damage. There are many different types of insurance for various commercial sectors, all of which can be adapted to your company’s needs.

Essentially, you need enough business insurance coverage to safeguard you against the worst-case situation that could financially harm your company, whether it’s a problem with your company’s assets or a responsibility to third parties.

This deals with protecting your business from the adverse financial effects of the death of a key person, partner or shareholder. Business protection can be especially important to smaller companies whose reliance on key individuals for profit may be greater than large corporate.

There are two main types of business assurance, key man and partnership assurance / director share purchase.

Deals with protecting the families and co-owners in the event of the death of one of the partners / directors.

Each party agrees beforehand the value of his or her share and a combination of term assurance policies and legal documents are put in place to ensure that in the event of a partner or shareholders death, the remaining co-owners have a sum in place to buy out the family of the deceased for a fair sum.

Leodis financial offer protection products from a selected panel of providers.

Key Man Life Assurance is used to inject a lump sum of cash into the business in the event of the loss of a ‘key person’. A key person may be a top salesman, or a key designer in a design company etc, someone whose death would have a direct and adverse effect on the company’s income.

The usual solution is a term assurance policy whose sum assured should be worked out with your financial adviser.

Business contents insurance covers the items and equipment that you use on a daily basis in your business. For example, at a store, this could contain tills and display cabinets, whereas in an office, this would refer to office furniture.

Mortgage Protection is a kind of Term Assurance specifically designed to repay, on death, during the term, the amount outstanding on a ‘capital and interest’ repayment mortgage. In other words, if the policyholder(s) dies prematurely, the outstanding loan amount on the mortgage will be repaid in full.

Some policies have rider benefits, which are extra sorts of cover, added on to the principal life cover. Such benefits include:

• Waiver of premium benefit – the premiums are in effect paid for you in the event of defined incapacity due to illness.
• Income protection benefit – a percentage of your income is paid to you if you cannot work at your usual employment.
• Unemployment benefit – a variety of income protection benefit
• Critical illness cover – the benefit is paid before death on the diagnosis of life shortening disease (e.g. cancer). This benefit may replace the death benefit, or it may be paid as well

All these riders cost extra and are only paid subject to meeting tight criteria.

Buildings insurance covers the cost of repairing or rebuilding the structure of your home that is damaged by events such as a flood, fire or a storm.

This also covers permanent fixtures in your home, such as fitted kitchens and fitted bedroom furniture. This doesn’t include the items inside your home – you’d need contents insurance for that.

Contents Insurance covers the cost of repairing or replacing the items in your home that have been stolen, or damaged by events such as a flood, fire or storm. This includes household goods and personal effects owned by you or your family.

You can also obtain additional cover for high risk items. These are those things which may have a high cost in money terms and may attract thieves, such as jewellery, mobile phones, and computers.

You decide how long your family income benefit policy will remain, for example, until your children are financially self-sufficient or your mortgage is paid off.

With family income benefit, the insurer’s risk diminishes with each year without a claim. If you chose a 23-year term and died a month into it, the payments would start from the day of death and continue until the period ended.

If you died 20 years into the term, the payments would resume from the date of death, but only for two years, as that is how much time is remaining in the term.

Unlike life insurance, which pays a lump sum to your dependents if you die during the policy’s term, family income benefit pays a specified amount of money each month for a given length of time. Because of the differences in how these two life insurance plans pay out, family income benefit might sometimes be the less expensive alternative.

Yes, a joint policy is feasible to purchase. It functions similarly to joint life insurance in that it only pays out once, usually when the first policyholder dies. It is less expensive than having separate insurance for both of you, but the payment may be lower.

Yes, but only if you want it to increase in line with inflation. Getting a policy that tracks rising costs is a good idea, especially if it will be paying out over a lengthy period of time.

Yes. You can raise your coverage or purchase additional plans if your circumstances change. You can also add indexation to your plan at no additional cost.

Indexation protects you from rising costs of living by ensuring that you always have the coverage you need and increasing your coverage each year without having to go through our application procedure again. You can also opt out of any future price hikes.

Life assurance is used to protect your income, family and businesses in the event of your death, providing valuable peace of mind knowing that your family will receive a lump sum to either pay off the mortgage, cover outgoings, other debts to secure the future of the family and business you leave behind.

There are several different types of life assurance packages available, choosing the correct life assurance package will depend on a number of factors that include tax, cost and the protection required.

Leodis financial team of expert advisors can find the right policy for your exact requirements and circumstances selected from the whole of the market, to speak with one of our team, please call on 01274 028 019.

Whole of life policies are designed to provide life assurance coverage for an individual’s whole life, rather than a specified term. They contain a savings component, the idea of which is to build up a fund in the early years which will subsidies the life assurance cost in the later years. A fixed death benefit is paid to the beneficiary, this is either the sum assured or the value of the investment pot, whichever is the greater.

Premiums are usually fixed for the first 10 years of the policy, and each 5 years thereafter, after which the policy is reviewed and the premiums or the sum assured may need to be amended depending upon investment returns. Management fees also eat up a portion of the premiums.

Whole of life policies can be useful for some people to provide for an inheritance tax liability.

Leodis financial team of expert advisors can find the right policy for your exact requirements and circumstances selected from the whole of the market, to speak with one of our team, please call on 01274 028 019.

Term assurance is the cheapest & simplest form of life insurance. You insure yourself for a set term until a loan is paid off, for example. It doesn’t contain any investment element; it simply promises to pay out if you die within the term. If you don’t die within that time, you receive nothing.

Term policies can either be level or decreasing. A level policy simply means the sum assured remains level throughout the term of the policy. If you die on the first day of the policy, you get exactly the same sum as you would if you died near the end of the policy. A decreasing term assurance policy on the other hand, will pay out more at the beginning of the policy than it would at the end.

The way a term policy pays out can also come in one of two ways. Those that pay out a tax-free lump sum on death and those that pay a tax-free income to the end of the term, known as family income benefit policies.

As usual there are pros and cons to both, a lump-sum policy can be more flexible because it allows your family to have a mixture of lump sum and income upon your death, but the income may be dependent upon investment returns at the time of death.

A family income policy on the other hand is often cheaper because the liability is always decreasing for the insurer, for example, if you die in the 18th year of a 20-year policy, the insurers would only have to pay income for two years. It’s also easier to work out the level of cover with this type of policy because you simply work out the income you would need to replace.

Some policies have rider benefits, which are extra sorts of cover, added on to the principal life cover. Such benefits include:

• Waiver of premium benefit – the premiums are in effect paid for you in the event of defined incapacity due to illness.
• Income protection benefit – a percentage of your income is paid to you if you cannot work at your usual employment.
• Unemployment benefit – a variety of income protection benefit.
• Critical illness cover – the benefit is paid before death on the diagnosis of life-shortening disease (e.g. cancer). This benefit may replace the death benefit, or it may be paid as well.

All these riders cost extra and are only paid subject to meeting tight criteria.

Your premiums are determined by a variety of factors, including your age, height, and weight; your health; if you work in a high-risk profession; and whether or not you smoke. Cover with some insurance providers can begin as little as £8 per month, depending on factors such as the quantity of coverage you require, the length of time you wish to be covered, and any pre-existing medical problems.

It’s absolutely your decision. We offer a five-year minimum term or a period that covers the remainder of your life. The majority of consumers will choose a time frame that corresponds to when they expect their mortgage to be paid off. As your life circumstances change, you can continue to reassess your protection needs.

This will differ depending on your unique situation.

Consider the following:

• How much of your mortgage is left to pay.
• How much other debt you have.
• How much you’d need to pay for day-care or education.
• How much your family would need to maintain their lifestyle?
• How much you’d need if you got a severe illness.
• How much you can afford.

If you’re new to life insurance, getting personalised counsel from a knowledgeable financial consultant can be beneficial. Please call us on 01274 028 019, our skilled team can provide free, no-obligation advice.

For many people, life insurance is a good method to protect the things that matter most to them, such as ensuring that their family’s financial future is more secure if they pass away unexpectedly.

It can also assist protect you financially against catastrophic illnesses, loss of income if you become unwell, and ensuring that your mortgage payments are met in the event of an emergency.