Business Protection - Java Insurance

Bespoke Insurance

Java Insurance specialises in bespoke business protection plans that provide financial security and peace of mind for company directors, shareholders, and employees.

Running a business comes with challenges and uncertainty, but the right protection means you’re prepared for anything. Whether it’s the sudden loss of a shareholder, illness striking a key team member, or ensuring your staff are cared for if the worst happens, Java Insurance is here to keep your business strong, stable, and secure.

With access to a range of comprehensive policies including Shareholder Protection, Executive Income Protection, Key Person Cover, and Relevant Life Cover, we help you safeguard your ownership, continuity, and most importantly, your people.

Shareholder Protection

If you or a major shareholder were to pass away, would your business have the funds to buy their share? Shareholder Protection allows surviving owners to purchase the shares of a deceased shareholder directly from their estate. This ensures that ownership of the company remains with those who know the business best, without any outside interference.

Having this cover in place provides financial security and continuity, protecting both the business and the family of the deceased shareholder. It guarantees a smooth transition and avoids potential disputes or unwanted changes in ownership.

Executive Income Protection

What would happen if a key director or employee were unable to work due to illness or injury? Executive Income Protection pays a monthly benefit to your business if a named employee cannot work through sickness or accident. This benefit can be used to continue paying the employee’s salary or cover replacement costs, keeping morale high and ensuring your company remains operational.

Rather than relying on personal savings or state benefits, this cover ensures both the employee and the business are financially supported during difficult times./

Key Person Cover

Every business has individuals whose knowledge, skills, or leadership are vital to success. Losing them unexpectedly could cause significant disruption or loss.

Key Person Cover helps safeguard your company against the financial impact of losing a key member of staff – whether it’s through death or a serious illness. The plan is owned and paid for by the company, and any payout is made directly to the business in the event of a claim.

This money can help cover lost revenue, recruitment costs, or temporary replacements, ensuring your business remains stable while recovering from the loss. Adding Critical Illness Cover extends this protection to include serious medical conditions that could keep a key person off work for an extended period.

Relevant Life Cover

Relevant Life Cover is a valuable and tax-efficient way to provide life insurance for directors or employees.

This policy is owned and paid for by the company, but in the unfortunate event of death, the payout goes directly to the employee’s nominated beneficiaries as a tax-free lump sum.

Not only does this offer meaningful protection for staff and their families, but it’s also a highly cost-effective solution. The premiums are typically eligible for corporation tax relief, as they are paid from the company’s gross profits, making it a smart choice for both employers and employees.

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