At Luminosity, we focus on business protection rather than general commercial insurance. Our advice protects the people, ownership and financial commitments that keep a business running.
We help business owners plan for the unexpected, with tailored protection that supports continuity and financial stability if a key individual can no longer work.
Our business protection services
Key Person Protection
Key Person Protection helps protect a business if someone vital to its success dies or suffers a serious illness. A key person could be an owner, partner, director or senior employee whose absence would have a major impact on profits, cashflow or future plans.
Most businesses insure their buildings, equipment and vehicles. Yet the loss of a key individual can be just as damaging. Their absence may lead to lost contracts, reduced turnover, difficulties replacing skills, or pressure from lenders.
Key Person Protection provides a financial safety net. The payout can help cover lost profits, fund recruitment and training, support ongoing costs, or repay loans linked to that individual. This allows the business time and stability to recover and move forward.
Shareholder Protection
Shareholder Protection helps keep control of a company in the right hands if a shareholder dies or becomes critically ill.
Without proper protection in place, shares could pass to family members who may not wish to be involved in the business. In some cases, shares could be sold to a third party, which may be disruptive for the remaining shareholders.
With Shareholder Protection, funds are available when they are needed. This allows the remaining shareholders to buy the shares at a fair value, while ensuring the shareholder or their family receives financial security.
This type of cover helps maintain business continuity, avoids uncertainty at difficult times, and ensures ownership stays with the people who are actively running the company.
Business Loan Protection
Business Loan Protection is designed to repay business borrowing if a key individual dies or suffers a critical illness.
Many businesses rely on loans, overdrafts or commercial finance to operate and grow. If the person responsible for the loan is no longer able to support the business, the financial strain can be significant.
This cover provides a lump sum to help clear or reduce outstanding business debt. It can protect cashflow, reduce pressure from lenders, and help prevent personal guarantees from falling on family members.
By putting loan protection in place, businesses can plan ahead and protect both the company and the people behind it.
Business Insurance FAQs
Business protection insurance focuses on protecting the people, ownership and financial commitments behind a business, rather than covering buildings or everyday risks.
Key Person Protection provides a financial payout if someone vital to the business dies or suffers serious illness. The payout can help cover lost profits, recruitment costs or business disruption.
Shareholder Protection helps the remaining owners buy out a shareholder’s shares if they die or become ill, ensuring control stays with active owners.
Business Loan Protection provides funds to help repay business borrowing if a key individual dies or becomes seriously ill, easing pressure on cashflow.
No. General commercial insurance typically covers premises, vehicles or liability. Business protection focuses on people and key financial commitments.