Business Loan Protection Insurance

Why choose Howden Life & Health for Business Loan Protection?

As a broker which specialises in providing business and health insurance products, we pride ourselves on doing the heavy lifting, so you don’t have to. Thanks to the great relationships we have with our selected panel of insurers, including the specialists at Assured Futures, we make the process of comparing multiple business loan protection policies, on your behalf, simple and easy. What’s not to like?

Here at Howden, we recognise that each policy needs to be as individual as its owner and their business, and that’s why we provide a personalised service, focused on getting to know you and finding out exactly what you want from your cover.

Ultimately, whether you need to make a claim, purchase a new business insurance product or, or renew an existing one, just know that we’re here to help.

Benefits of working with Howden Life & Health:

• You can trust us – we’re rated Excellent on Trustpilot
• Personal service from professionally qualified advisors
• An outstanding FCA compliance record
• Competitive solutions to for all budgets and affordability
• Supported by the largest panel of Life & Health insurers in the UK
• Knowledge of underwriting and medical conditions

_{Howden Life & Health is a trading name of Howden Employee Benefits & Wellbeing Limited, which is part of the Howden Group, registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk.}

What is Business Loan Protection?

When a business takes out a loan, whether it's for expansion, working capital, or other purposes, it enters into a financial commitment that requires regular repayments over a specified period.

If a business owner, director, or key person within a business dies or becomes terminally or critically ill, lenders may still demand that any outstanding loans must be repaid. That’s where business loan protection can step in, to help secure the business’s viability by providing a lump sum to cover the business debts.

If this is something you would be interested in, you would start by taking out the business level protection on a ‘decreasing’ or ‘level’ cover basis. From there, once a valid claim is submitted, the cash sum can be used to repay the outstanding debt of the business.

Before that though, we need you to get in touch with us, so we can find out more about your business and its key people. A member of our Life & Health team would be happy to help, offering insight and some guidance around how business loan protection could work best for you.