PruProtect and Ageas have launched a business protection proposition for First Complete advisers to offer to their business clients.
Now, business clients of First Complete ARs will be able to protect their profits if they lose a key employee
and retain control of their business should a shareholder or business partner die or become seriously ill.
They can also now pay off any outstanding business loans should they, a shareholder or business partner die or become seriously ill and increase their cover as their business increases in value.
The Ageas applications and trust documents can be filed online without the need for a signature with free Accidental Death Benefit during the application process, while terminal illness claims can be made right until the last day of the term.
PruProtect offers First Complete ARs its own specialist team of business protection underwriters as well as literature and sales aids.
Toni Smith, sales operations director of First Complete, said: “It is clear that, just like personal clients, businesses need to protect their futures, yet it seems a huge number do not have appropriate cover. The problems they need to solve are bigger, which means business protection is a major opportunity for advisers as well as highly needed by their clients.
“Business protection insurance is crucial with such a large protection gap. Many business owners are unaware of the wide variety of business protection available to them or sometimes even why they need it. This is where good policies and a knowledgeable adviser are crucial.”