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  • Writer's pictureGreenline Accountants

Expanded range of Insurance Products at Green West Commercial

Simon Green of Green West Commercial introduces some of the expanded range of insurance products they are now able to offer our clients: -

What is Key Person Protection?

A recent study by Legal & General reported that 67% of businesses felt they would have to cease trading if a key person became critically ill or died, and that yet over half of those businesses had no Key Protection in place to safeguard against this.

Key Person Protection is a range of insurances designed to protect the health of you and your workers and ensure ongoing continuity of business should the worst happen.

Additional Types of Cover now Available through Green West Commercial;

  • Relevant & Employee Life Cover - a tax-efficient alternative to a 'death in service' benefit that allows you to pay your key employee’s family a cash lump sum if they die while employed by your company.

  • Key Employee Cover - to help protect your business in the event of death or severe illness of one or more key employees. If your key employee dies or becomes seriously ill, the policy pays out a lump sum to make up for any loss in your revenue or profits, helping to keep your business on track.

  • Shareholder or Partnership Cover - provides business with a cash lump sum if one of the owners dies or suffers a severe illness. This helps the remaining business owners minimise disruption to the business, by providing capital that enables them to buy that shareholder’s or partner’s shares and so keep control of their organisation.

  • Business Loan Protection - This provides a lump sum to cover your business loans and other credit facilities if a business owner dies or becomes seriously ill. In the event you lose a business partner, you may want or need to repay outstanding business loans, some of which may have personal guarantees or have to be repaid when someone dies.

  • Employee Health Insurance - Many employees get sick or injured at some point, and this can lead to people taking time off work for appointments. Private Medical Insurance can help to reduce waiting times, help your employees to avoid long waiting lists and get back to work quicker. It also shows your workforce that you value and support their well being.

No business is too small to have the right health, well being and protection policies in place.

As ever, we remain on hand to assist wherever possible, offering a no-obligation service to all our customer base. And we also work within (and not limited to) the following areas for general commercial insurances;

• Combined Commercial Policies • Public Liability • Commercial Buildings • Professional Indemnity • Stock Insurance • Fleet Policies • Landlord’s Insurance • Key Man Insurance • Employer’s Liability Insurance • Retailer Insurance

Please do drop us a line with any of your Commercial Insurance enquiries, whether you are just setting up in business or looking to renew an existing policy we are confident we can assist in saving clients money and receiving a higher level of service.

Simon Green


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