Let’s get real for a moment…
As an experienced property entrepreneur, or indeed an ambitious investor starting on your property journey, like most landlords you are likely building your portfolio for long-term capital growth, passive rental income, and potentially future legacy planning.
As with any valuable business, protecting the assets within it, is an incredibly important, but often overlooked consideration.
We want to help you (at the very least) understand your risks, as well as the value of limiting or eliminating those protection risks, as easy and straight-forward as possible. And that’s why we have partnered with a team of like-minded protection specialists to help ensure you are covered when you, your family, your business partners or even your employees need it the most.
We’re simply here to help identify potential risks that could undo all of your hard work, perhaps even create major issues for your portfolio’s effectiveness as a legacy for your loved ones, should the worst happen.
How It Works
As experts in the buy to let market we fully understand exactly how much you need to know to be deemed a specialist or expert in your field, as well as the value that real expertise can bring – that’s why we’ve chosen a trusted and dedicated insurance partner to work alongside to support you.
Please call us and we’ll be happy to make introductions if we haven’t already.
1. To get started, simply let us know you are interested in finding out more about protection.
2. We will introduce you to a trusted protection specialist, who can give you expert guidance personalised to you and your family. They will just need to ask a few questions.
3. Your insurance broker will recommend the right type and amount of cover to suit your unique needs and circumstances. They will even handle all of the paperwork and support your application through to completion.
4. You get the peace of mind that you, your family and your business are covered in the most cost effective financial structure, should the worst happen.
You Can Protect Yourself In Many Ways
Here are just some of the different types of insurance that may be available:
Life insurance is designed to pay out either a lump sum or regular payments on your death, providing your family and loved ones financial support after you’ve gone. There are two types of life insurance
- Term Life – this is insurance cover for a set period of time – this can be anything from a few years to 30+ years. The insurance will only pay out if you die within this period.
- Whole of Life – just as you would imagine, this is life insurance for the rest of your life. As long as you keep up with the payments, it is paid out whenever you pass away.
Inheritance Tax Protection
Inheritance Tax Insurance is a policy specifically designed to pay any Inheritance Tax (IHT) that may be due. It protects your spouse, civil partner or family from losing out on money you intended for them to enjoy.
If you are unable to work due to a critical illness and need time off, Income Protection can bridge the pay gap so that you can focus on your recovery wholeheartedly.
Key Person Insurance
If a pivotal person within your company is unable to work or has even passed away, Key Person Insurance can help reduce the impact of this loss and safeguard the business.
Employee Benefits Protection helps to cover your employees’ dental and health care costs if required and help support the physical and mental wellbeing of your team.
Business Loan Protection
This insurance can help pay an outstanding overdraft, loan or commercial mortgage should a key employee pass away or be diagnosed with a terminal illness.
Shareholder Insurance protects your business in the event of a sudden loss of a key shareholder to minimise the impact to the company.
There are several types of insurance that landlords should consider including Landlord Rent Guarantee Insurance to cover rental voids and Landlord legal expenses insurance. All of these policies are designed to protect the landlord should anything go wrong with either the property or the tenants.
Building and Contents
Just like with your residential, having Building and Contents Insurance can protect against accidental damage to your property and will help cover the cost of repairs.
Protection is very much optional, so whether you choose to take advantage of your insurance options, and indeed the level you feel is appropriate for you, is very much your choice.
We’re simply here to help identify potential risks that could undo all your hard work, at least in part – or perhaps even create major issues for your portfolio’s effectiveness as a legacy for your loved ones, should the worst happen.
The complexity and level of cover can depend hugely on your circumstances, indeed many of our clients will take structured cover creating a robust safety net around all their business(es), – in short, much like mortgages, it is most definitely not ‘one size fits all’ and that is where getting specialist advice can really help.