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Life Insurance for a Commercial Mortgage

If you’ve been looking for a new business property, then you might want to look into getting life insurance to protect your commercial mortgage. If a commercial mortgage is placed in your name for the business, whose responsibility is it to pay off if you were to pass away? Chances are, you’ve already explored your […]

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Can you claim life insurance as a business expense?

If you’re a director of a business, it’s likely that you’ll want to invest in life insurance. Whether it’s to protect your business or your family, you can get life insurance through the business. Some options are not tax-efficient, however, there are some life insurance policies that can be claimed as a business expense. How […]

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Business Critical Illness Cover or Key Man Income Protection

How to protect your business against the cost of employee sickness Any business owner looks to keep costs low without compromising the quality of the service or product that they provide to keep a profitable business.  With employee salaries being one of the biggest overheads, what happens when a key member of staff becomes seriously […]

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What happens when your term life insurance expires?

What to do when your life insurance policy is about to expire If you own a term life insurance policy, you’re only covered for that period of time. Whether you set the term for, 5, 10, 20, 30 years, there may be a time that you outlive your policy. So, what happens when your term […]

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Whole Life Insurance – Everything you need to know

Whole life insurance is generally more expensive than term life but there’s a lot more to it than expensive premiums. Unlike term life insurance, whole life insurance is not just a benefit paid out upon death. It works as a sort of investment fund to help ensure you get the most out of your money. When […]

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Sole Trader Life Insurance – Key Man Cover

There are 3.3 million sole traders operating in the UK with around 1 in 7 of the workforce is self-employed. Unfortunately, it’s still the case that too few businesses cover the life of the owner. Sole trader life insurance is extremely valuable and can protect the business, the owner’s family and potentially any employees that […]

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Key Man Insurance Tax – How it works

Key Man Insurance Policies and Taxation Key man insurance tax and how it works is something our customers regularly ask about. The main question; is key man insurance tax efficient? Well, it can be. To put a long story short. However, if you’re not taking out key man insurance solely for the benefit of the […]

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The Secret to Tax Efficient Life Insurance for Business

Many employers offer employees life insurance as part of a competitive benefits package. If you don’t have a group life insurance policy it means a separate life insurance policy for each employee. This means that each policy is subject to income tax, corporation tax and national insurance contributions (NIC).  With Relevant life insurance, you can […]

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Don’t get a fright! Protect your business with key man cover

It’s that time of year where the ghosts, ghouls and zombies come out but that’s enough scare for us! At Business Cover Expert, we help customers get the right business life insurance policy to suit them and protect their business. This is so that they don’t get a fright when something unexpected happens like losing […]

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Business Life Insurance Myth Busters

Common myths debunked when it comes to your life insurance When it comes to life insurance, there are several misconceptions that prevent people purchasing their insurance. This can cause financial instability for families and businesses who suffer from a loss. Unfortunately, a life insurance myth can sometimes purposefully created. Often, by people who put their own […]

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