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What is Business Loan Protection Insurance?
Business Loan Protection Insurance is a policy designed to repay your business loan, commercial mortgage, or investor loan in the event of the death or critical illness of a key stakeholder, or in the case of natural disasters.
Who needs this insurance?
Any business that has taken out a loan, mortgage, or investment and relies on key individuals to repay it should consider this insurance. It’s especially important for startups, growing businesses, and those with significant financial commitments.
What types of loans can be covered?
We cover a wide range of loans, including commercial loans, venture capital loans, director’s loans, and personal guarantees.
How is the sum assured determined?
You can choose between a decreasing sum assured (which reduces over time to match your loan balance) or a fixed sum assured. The term of the cover will match the term of your loan.
What happens in the event of a claim?
If a claim is made, the sum assured is paid either to your business or directly to the lender if the policy has been assigned. This ensures your loan is repaid without disrupting your operations.
General Questions
Do I need legal advice to set up a policy?
While we provide a dedicated specimen business trust document, we recommend seeking professional legal advice to ensure the policy aligns with your specific circumstances.
Our Mission Statement
Our mission is to empower businesses to thrive with confidence by providing innovative and reliable financial protection solutions. We are committed to safeguarding the dreams, investments, and legacies of our clients through tailored Business Loan Protection Insurance that ensures financial stability in the face of life’s uncertainties.
By combining our expertise in finance and investment services with a client-first approach, we strive to deliver peace of mind, foster trust, and build lasting partnerships. Our goal is to be the trusted partner that businesses rely on to protect their growth, secure their future, and navigate challenges with resilience.
At Roussel Meibo, we don’t just protect loans—we protect possibilities.