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Business has changed over the years - that’s why we’re refreshing business protection to fit today’s small and medium sized enterprises.

Free business legal advice and tax guidance for your business protection clients

Easy-to-use tools and calculators for you and clients

Business Protection

Business Protection and trustees

Trustees are the people appointed as the legal owners of the policy. As owners, the trustees will make a claim on the policy, receive the money and then pass this onto the beneficiaries. The settlor will select the trustees and there should be a minimum of three (or two for Relevant Life Cover). The settlor will always be a trustee.

Selecting trustees

Trustees need to be over 18 and preferably living in the UK (to help ensure any claim is paid to the beneficiaries quickly). Because Relevant Life Cover isn’t arranged for commercial purposes, trustees can be a family member or friend (of the employee) and/or a professional, such as a solicitor or accountant. It's important selected trustees act in the best interests of the beneficiaries.

For Key Person Cover, Share Protection and Partnership Protection, the trustees are usually the shareholders within the business.

Changing trustees

Trustees can be changed, providing all the other trustees agree, and this can be arranged through the insurance provider. If a trustee dies, the remaining trustees can still carry on but a replacement may be needed.

0800 032 3962

TextDirect: first dial 18001


Business Protection Specialist Team

Option 1 – New and current applications

Option 2 – Underwriting

Option 3 - New agency set up and login queries

Option 4 - Business Protection sales team and quotes

Options 1-3, 8.30am - 6.30pm Mon - Fri

Option 4, 9:00am - 5:00pm Mon - Fri

We may record and/or monitor calls for training and audit purposes.

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Business Protection options

Find out more about the type of businesses we cover and the policies available.

More about our Business Protection options

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Calculators and tools

See all our business protection calculators available to simplify your client conversations.

Our Business Protection calculators

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LV= Business Care

Our Business Protection includes valuable telephone support for your clients and their employees.

LV= Business Care

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Business Protection support team

Our team will make sure that all your Business Protection applications are dealt with quickly and efficiently.

More about our business support team

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About protection

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FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK