Business Protection

The most valuable asset to any business is its people

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What is Business Protection?

Business Protection helps look after your company’s financial future against the unexpected loss of a business owner or key person. Simply put, it’s life insurance (which can also include critical illness cover) for the life of either someone crucial to your business’s profits, or one or more of your business owners.


The different types of LV= Business Protection available:

  • Key person cover - Provides a financial safety net if a key member of staff dies or is diagnosed with a serious illness (if Critical Illness Cover is also selected)
  • Share and Partnership protection - Helps business owners keep control of the company if one of them dies or is diagnosed with a critical illness
  • Relevant life cover (RLC) - Allows companies to offer a death-in-service benefit to its employees (including salaried directors)
  • Executive Income Protection - provides a monthly payment to an employer if the insured employee can’t work due to illness or injury. The payments help to cover the cost of an employee’s sick pay as well as employer’s National Insurance contributions and employer’s pension scheme contributions, on behalf of the employee.

Video Transcripts

Transcript - Business Protection: Shareholder and Partnership protection
Transcript - Business Protection: Key Person cover
Transcript - Business Protection: Relevant Life cover

Need help?

LifeSearch will guide you through the different choices and help you make the right decision for your business and personal needs.

You'll probably want to get in contact if you're one of the following:

  • Sole trader
  • Ltd company
  • Partnership
  • Limited Liability Partnership (LLP)

What's included?

With a range of extras included, we’ll make sure things are a little easier


LV= Doctors Services

Once you’ve taken out business protection with us, your insured employee can use LV= Doctor Services. It provides fast, convenient access to UK based doctors and medical specialists through six expert medical services.

Business legal advice line

We’ve partnered with a firm of solicitors to offer you free business legal advice. This service offers advice on a number of commercial issues, including;

  • Employment law
  • Health and safety issues
  • Commercial risks
  • Advice on contracts

Business tax and VAT advice line

Our value added services also provides you access to tax and VAT experts, including accountants and ex HMRC employees, covering areas such as;

  • Tax and VAT relief
  • Self-assessment returns
  • Change to tax and VAT rules
  • Dividends paid from limited companies

Financial Advice

Need advice?

We've chosen to partner with LifeSearch to offer you independent advice on which business protection products are right for you.

Mon to Thu - 8am - 8pm     Fri 8am - 6pm 

For Text Phone first dial 18001

Calls will be recorded and may be monitored for training and audit purposes.

Find out more about getting advice