DanJo & Co Financial

Business protection is the use of life insurance for those self-employed and critical illness policies to help business owners plan for the financial fall out of the death or illness of them or a fellow business partner.

From experience, we know that every single business is likely to have at least one business protection need.

Business opportunities are like buses, there’s always another one coming.” – Richard Branson

In Vitality’s recent survey of over 500 business owners, 67% said that their business is their main source of income for their household1. Despite this, 41% have never thought about what would happen to their business if they or a business partner or key employee were too ill to work, died or suffered a serious illness1.

Of those who have Business Protection, 44% said it gives them peace of mind1. Highlighting the value of Business Protection - providing a business with an extra degree of long-term stability and reassurance.

Why DanJo & Co Financial? - Our specialist advisers provide protection plans relevant to your business's needs and that payout when you need it.

Is it just for Directors of large Ltd Companies?

Absolutely not – but the life assured must be an employee of:

✓ A sole trader

✓ A partnership

✓ A limited liability partnership

✓ A limited company

✓ A charity

1-What Is Key Person?

Key person insurance is a protection policy designed to provide financial support and continuity should a business lose a key member of staff to serious illness or death.

A claim can be made, and the proceeds used to replace the loss of profits caused by their absence and help the business recruit a suitable replacement.

The cover is paid for as an expense through the business.

Who needs to get Key Person Insurance?

Anyone whose death or continued absence would have an impact on the profits of the business.

So, why do I need to get Key Person Insurance?

✓ Helps a business to keep trading after the loss of a key person with the business.

✓ Protects the reputation of the business by providing financial support that can be used towards satisfying contracts.

✓ Can help to avoid customers losing confidence in the business.​

✓ Provides financial support should banks and creditors begin calling in loans and/or should suppliers begin asking for alternative payment terms.​

✓ Protects against the loss of key skills, expertise and contacts. 

✓ Supports business continuity.

Clarity out of complexity for your Business Protection.

2-Relevant Life 

Cost-efficient life insurance for smaller businesses.

What is Relevant Life?

Relevant Life Cover is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to their employees. It is set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee’s family or financial dependants.

Benefits to the business:

✓ Available to businesses and companies which are too small to set up a group life scheme. Can help small businesses to attract and retain high calibre staff.

✓ Corporation Tax Relief (so long as the premiums are wholly and exclusively for the purposes of the business)

✓ No National Insurance contributions to pay on the policy payments paid to fund the Relevant Life policy.

3-Shareholder Protection

Have you considered what would happen to the shares of a shareholder if something unexpected happened?

If one of your shareholders dies or is suffering from a severe illness, their shares will usually pass to their beneficiaries. To regain full control of the business, the surviving shareholders will need to buy the shares back. But they might not have the available capital to do this.

4-Executive Income Protection

The cover is designed for small to medium-sized businesses looking to provide extended sickness and incapacity benefit to selected employees, in a tax-efficient way, the cover can also help meet the ongoing costs of providing Employee Pension Contributions and/or Employer National Insurance contributions during the employee's incapacity if Additional Cover is chosen for an additional cost.

Cover can include the employee’s earnings, dividends and P11D benefits. Additional cover can be arranged at an additional cost to cover employer pension contributions and National Insurance (NI) contributions.

5-Loan Protection
Business Loan Protection Protection is designed to enable a business to repay the specific debt if a key employee or business owner dies or is diagnosed as critically ill before the debt is fully repaid. Business Loan Protection, also known as Business Loan Cover and, cover can make sure a business debt secured on business assets or even your family home doesn't put your assets or home at risk. The knowledge that your business has loan cover in place can offer peace of mind to everyone involved in the business and to your loved ones, as it reduces the chances of the family home being at risk if it has been offered as security for a bank loan.
(1- Vitality research, 2021)
01952 919 210
How much can I pay?
Mortgage Calculator
How much can I borrow?
Mortgage Calculator
Reviews and Ratings for Financial adviser Daniel Spragg, Telford

Why choose DanJo & Co Financial?

Our clients choose to trust us over the competition because of the way we conduct our business.

We provide our services to suit you, whether face to face, telephone or email
We search to ensure we find the right mortgage for you
We continue to monitor the market place and will keep you updated on opportunities
information of company feature

Call us on 01952 919 210 to speak to one of our advisors today.

Some of the products/services shown above are not or may not be regulated by the Financial Conduct Authority

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE There may be a fee for mortgage advice. Our typical fee is £395 payable on application.

DanJo & Co Financial Ltd is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorized and regulated by the Financial Conduct Authority. Address: e-Innovation Centre, Priorslee, Telford, TF2 9FT, Telephone 01952 919210. Reg Number 11897233 Reg: in England and Wales

DanJo & Co Financial act as a credit broker not a lender for Buildings and contents insurance.

Some of the products/services shown above are not or may not be regulated by the Financial Conduct Authority