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What is business loan insurance?

Business loan insurance provides protection by paying off outstanding key corporate debt should a person key to the business pass away or become critically ill.

Debts may include company overdrafts, commercial loans, venture capital or private equity funding, and commercial mortgages.

FREQUENTLY ASKED QUESTIONS

Why do I need business loan insurance?

Having an uninsured business loan increases the risk of your business from being declared insolvent after your death or becoming critically ill.

Although it is not a legal requirement to have business loan insurance, many business lenders, venture capital and private equity firms are insisting on having protection to repay a loan should a key person die or become seriously ill.

 

How does business loan insurance work?

Similar to keyman insurance, business loan insurance protects a specific loan only in the event of the death or critical illness of a key person.

Get in touch today and we will search the UK’s leading insurers to find the right policy for you at the right price.

Get a free quote and protect yourself and your business in minutes

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That’s Life is a registered Trading Name of Candid Insurance Services Ltd. Candid Insurance Services Ltd is registered in England and Wales, company number 07279489. Registered Office: 920 Hempton Court, Aztec West, West Almondsbury, Bristol, BS32 4SR, United Kingdom. Candid Insurance Services Ltd is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register under number 603273. Licensed by the Information Commissioners Office Registration Number Z3488836. VAT: 160484711.