Business Owner Focused
Business Loan Protection
Protects the guarantor of a Business Loan or a Directors Loan by paying a lump sum upon diagnosis of a Critical Illness or Terminal Illness and Death.
Could your business afford to pay the debt if the loan was to be called up by the lender?
This cover will allow the company to insure against the loss of the guarantor was no longer in the business. Lenders will be paid without any concerns for the remaining business owners of the debt being called up at time of uncertainty, usually the guarantor of a loan is a Key Person.
Why Do you Need it?
Helps the business pay an outstanding overdraft, loan or commercial mortgage, after the death, terminal illness, or critical illness, of the loan’s guarantor.
Who Can Benefit?
Owners, Shareholders and Directors of small businesses who has a Directors Loan, Commercial Loan which is in their name or liable for.
What are the Tax/National Insurance Efficiencies & Implications?
- Corporation tax is not deductible for Loan Protection
- No Employer NI Payable
- No P11D Benefit for the Employee
Shareholder Protection
Protects the shareholders investments by paying a lump sum upon diagnosis of Critical Illness or Terminal Illness and Death.
Could your business afford to purchase their shares?
This cover will allow the remaining shareholders to remain in control of the business. If there are no funds to buy back the shares the family may choose to become involved with running the business or sell their shares to a competitor.
Why Do you Need it?
Helps safeguard the business control to existing shareholders with buying the shares after the death, terminally ill or critically ill diagnosis of the business owner.
Who Can Benefit?
All Shareholders with a significant shareholding in the business, where the cash is not readily available to buy back their shares.
What are the Tax/NI Efficiencies & Implications
Shareholder Owned
- Corporation tax deductible at Marginal Tax Rate
- Employer NI Payable
- P11D Equalisation allowable
- P11D Benefit for Life Assured at Marginal Tax Rate
Company Owned
- Corporation tax is not deductible
- No P11D Benefit for Life Assured
What our Clients Say
Rob Cartlton
I can highly recommend Sam to your business; Sam’s professionalism, enthusiasm and combined with her hands on approach to delivering value differentiated them from other high-profile firms I have used in the past. I found most impressive and valuable is Sam’s attention to detail. Sam has a passion to help SME businesses and has taken… Read more “Rob Cartlton”
Gareth Jones
Being introduced to Sam direct from our accountant gave us confidence we were in the right hands from the outset. When Sam said she use to be an accountant this strengthened my confidence and trust. She knows her way around business and her tax knowledge was very helpful. One of our directors had a couple… Read more “Gareth Jones”
Key Person Protection
(Income Protection)
Can be used to meet the cost of hiring a temporary replacement, protect lost profits, or support any ongoing loan repayments if a Key Person is to become Incapacitated to work.
Could your business afford to run if you lost a Key Person?
This cover provides a regular monthly benefit to a business in the event of the illness or injury of a key employee. It’s designed to help small businesses move confidently through any financial uncertainty that can occur if a key employee needs time off work due to illness or injury.
It also includes access to experienced rehabilitation specialists helping them get back to good health and work.
Why Do you Need it?
Provides a regular monthly benefit to a business in the event of the illness or injury of a key employee.
Who Can Benefit?
Can be used to meet the cost of hiring a temporary replacement, protect lost profits, or support any ongoing loan repayments.
What are the Tax/NI Efficiencies & Implications
- Corporation tax deductible for Protecting Profits
- Corporation tax not deductible for Hiring Replacement or Loan
- No Employer NI Payable
- No P11D Benefit for the Employee
Rachael Syrett
“Sam was introduced to us by our new accountant at the time, Steven Pincott from ApC, even though it was a new relationship to us we knew Sam had done some work directly with ApC so felt it was a good referral. Once we had met Sam after the first meeting we were all very… Read more “Rachael Syrett”
Steven Pincott
We have been a client of Enable Life now for 3 years. Sam was great in explaining all of the policies available to us when we were preparing for our Management Buy Out (MBO). She met with us all in person on several occasions and provided us with detailed explanations of everything including protecting our… Read more “Steven Pincott”
Gareth Jones
Being introduced to Sam direct from our accountant gave us confidence we were in the right hands from the outset. When Sam said she use to be an accountant this strengthened my confidence and trust. She knows her way around business and her tax knowledge was very helpful. One of our directors had a couple… Read more “Gareth Jones”
Key Person Protection
(Life & Critical Illness)
Safeguards the business finances by paying a lump sum if a Key Person is to become Critically or Terminal Ill or even dies.
Could your business afford to run if you lost a Key Person?
This cover will allow the company to insure against financial loss if a Key Person was no longer in the business. If there are reduced sales and falling profits are the remaining staffs’ jobs at risk? Key Person can be key for a company’s survival by replacing lost profit or finding and hiring a replacement.
Why Do you Need it?
Helps safeguard a business against the financial effects of death, terminal illness, or critical illness, of a key person.
Who Can Benefit?
An individual whose skill, knowledge, experience, or leadership contributes to the continued financial success of the business. Including, Directors, Sales, Scarce resources
What are the Tax/NI Efficiencies & Implications
- Corporation tax deductible for shareholders with <5% shares
- Corporation tax not deductible for shareholders with >5% shares
- No Employer NI Payable
- No P11D Benefit for the Employee
Steven Pincott
We have been a client of Enable Life now for 3 years. Sam was great in explaining all of the policies available to us when we were preparing for our Management Buy Out (MBO). She met with us all in person on several occasions and provided us with detailed explanations of everything including protecting our… Read more “Steven Pincott”
Rob Hattersley
“When starting my own business, I knew I needed to protect my investment as I’d met Sam from Enable Life about 18 months prior at a networking event. In preparation Sam really understood how simple my needs were and helped me protecting my Directors Loan. Later that year I wanted to provide key staff an… Read more “Rob Hattersley”
