Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
Business Protection
Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
Markets
UK economy faces ‘tremendous challenge ahead’ meaning more monetary stimulus is likely, says bank’s Gertjan Vlieghe
Bank of England policymaker backs negative interest rates. Gertjan Vlieghe says the surge in Covid cases means the Bank will need a range of measures
UK economy faces ‘tremendous challenge ahead’ meaning more monetary stimulus is likely, says bank’s Gertjan Vlieghe
EU's Barnier Says
Boris Johnson has rejected the EU's offer to restart Brexit talks, saying the olive branch from Brussels was not a "basis to resume talks".