Commercial loan insurance Print E-mail

Protecting your business

In a recent survey conducted by Scottish Provident 79% of businesses said that they had no business loan protection. Is your business one of them? Ask yourself these questions:

Do you have a Loan Account for your business?
Have you provided a personal guarantee for a business loan?
Does your business have an overdraft?
 
If so, have you considered the implications of being unable to repay these debts?

A protection plan can be taken out to ensure repayment of a business loan in the event of the death or critical illness of a shareholding director, partner, member or sole trader.