PruProtect and Ageas, have launched a business protection proposition for First Complete advisers' business clients.
The network commented that, as the protection gap for businesses runs into billions of pounds and with the market picking up for many businesses, many business owners should think about how well protected their business is.
Business clients of First Complete AR's will be offered a full range of products and will be able to: Protect profits if they lose a key employee; Retain control of their business should a shareholder or business partner die or become seriously ill; Pay off any outstanding business loans should they, a shareholder or business partner die or become seriously ill; Increase their cover as their business increases in value.
The Ageas applications and trust documents can be filed online without the need for a signature with free Accidental Death Benefit during the application process, while terminal illness claims can be made right until the last day of the term.
PruProtect offers First Complete AR's their own specialist team of business protection underwriters and a wealth of literature and sales aids.
Toni Smith, sales operations director of First Complete said: "It is clear that, just like personal clients, businesses need to protect their futures, yet it seems a huge number do not have appropriate cover.
"The problems they need to solve are bigger, which means business protection is a major opportunity for advisers as well as highly needed by their clients.
"Business protection insurance is crucial with such a large protection gap. Many business owners are unaware of the wide variety of business protection available to them or sometimes even why they need it. This is where good policies and a knowledgeable adviser are crucial."
