If a business owner dies or suffers a terminal illness, lenders may have the right to demand that any outstanding loans are paid back. These could be difficult to pay off at short notice.
How does Business Loan Protection help?
In the event you lose a business partner, you may want or need to repay outstanding business loans, some of which may have personal guarantees or have to be repaid when someone dies. Our Business Loan Protection provides complete peace of mind, because it provides a lump sum to cover your business loans.