Critical Illness
Critical Illness Cover, built for businesses
What is it?
Financial protection against serious illness. A policy that can pay a lump sum if a key person, shareholder or employee is diagnosed with a covered critical illness, such as cancer, a heart attack or stroke.
Who’s it for?
Business owners, key employees and teams. Suitable for anyone whose illness could have a significant financial impact on the business, from essential employees and directors to shareholders and wider staff groups.
Why does it matter?
Helping protect business continuity. The serious illness of someone important to your business can disrupt operations, delay projects and create uncertainty for shareholders or investors. A payout can provide valuable financial breathing space while you plan your next steps.
Key Person use
Helping keep the business moving. A payout can help cover lost income, recruitment or temporary staff costs and other expenses while a key employee takes time to recover.
Shareholder use
Helping protect ownership and control. If a shareholder becomes seriously ill, the policy can provide funds to help facilitate the purchase of their shares, helping avoid unwanted ownership changes or potential disputes.
Group use
Supporting your wider team. Group Critical Illness Cover can be offered as an employee benefit, providing staff with a lump-sum payment if they’re diagnosed with a covered serious illness — helping support their financial wellbeing and adding value to your benefits package.
