Business Loan Protection
Ensure business loans and personal guarantees are repaid if a key director or guarantor dies or becomes critically ill.
FCA Regulated
Extensive Lender Panel
Based in Uxbridge
UK Wide Coverage
24hr Response
5★ Reviews
Many business loans require personal guarantees from directors. If a guarantor dies, the lender can pursue their estate, potentially forcing the sale of the family home. Business loan protection insurance ensures the loan is repaid, protecting both the business and the director's family.
What Business Loan Protection Covers
- Commercial mortgages with personal guarantees
- Business loans secured against personal assets
- Director's loan accounts
- Overdraft facilities with personal guarantees
- Any business debt that would fall on the estate on death
Why Directors Need This Cover
- Personal guarantees mean the director's estate is liable
- Without cover, the family home could be at risk
- Ensures the business can continue without debt pressure
- Premiums are typically a tax-deductible business expense
Frequently Asked Questions
Is business loan protection the same as life insurance?
It's a specific application of life insurance. The policy is taken out to match the value and term of a business loan, ensuring the debt is repaid on the death or critical illness of the guarantor.
Can the business pay the premiums?
Yes. If the policy is taken out by the company to protect a business loan, the premiums are usually an allowable business expense. Consult your accountant for confirmation.
Ready to Get Started?
Speak with one of our expert advisers today, initial consultation at our expense, and without obligation.