What is Business Loan Protection?​

Business loan protection insurance provides funds to repay a business loan or commercial mortgage if one of the business owners suffers a critical illness or passes away.

Benefits of business loan protection

Business owners discussing the importance of business loan protection insurance | Finsure UK

Business loan protection insurance acts as a safeguard for your business against the unexpected and provides peace of mind that your business can repay its borrowing if key individuals suffer a critical illness or pass away.

The level of cover and the term of the policy should reflect both the amount needed to repay the total amount borrowed and the time it would take to repay the loan. 

If your business has outstanding borrowings such as a business loan, commercial mortgage or a directors loan account, then business loan protection could be right for you.