Business protection insurance in Tunbridge Wells, Kent.
Stay in control if illness or loss affects a key person.
Cover the financial impact if a key person can’t work.
Gain breathing space to adapt and restructure.
Keep control with shareholder protection.
Maintain the confidence of staff, clients, and suppliers.
- See what they say about their experience →
Business protection advice for companies in Tunbridge Wells, Kent.
Unexpected illness, injury, or the loss of a key person can place enormous strain on a business. Without protection in place, control and continuity may be at risk.
Our advisers help business owners put financial safeguards in place so their company can withstand sudden disruption. Business protection insurance provides funds to cover the impact of losing a key individual, creates breathing space to adapt or recruit, and ensures ownership stays secure. Based in Tunbridge Wells, we support businesses across Kent, East Sussex and beyond with tailored advice on key person insurance and shareholder protection.
Focused financial advice that protects you and your business.
Key Person Insurance.
Protect your business if a key individual becomes critically ill or dies. This cover provides funds to replace lost revenue, recruit temporary staff, and keep operations steady while you adapt.
Business Ownership Protection.
Ensure control stays with the right people if an owner passes away or becomes seriously ill. This cover allows remaining shareholders to buy the affected shares and maintain continuity.
How Key Person Insurance works.
What is Key Person Insurance?
Key Person Insurance protects a business if a critical individual (such as an owner, director, or senior employee) dies or becomes seriously ill. The policy pays out to the company, giving it the financial strength to carry on while adjustments are made.
Why is Key Person Insurance important?
A key person may generate revenue, hold specialist knowledge, or maintain client relationships. If they are suddenly absent, the impact can be severe: lost profits, disruption to contracts, and reduced confidence among staff and clients. Key Person Insurance provides a cash buffer to help keep operations stable.
How does Key Person Insurance work?
The right arrangement depends on your business structure:
Limited company: The company takes out a plan on the life of the key person. Proceeds are paid directly to the business to cover financial needs or hire a replacement.
Partnership: Partners can set up reciprocal cover under trust so that, if one is affected, the others receive the payout to support the firm.
Sole trader: Policies can be written in trust for family, helping them settle debts or business loans if the owner dies or becomes critically ill.
What are the benefits of Key Person Insurance?
Provides cash to offset the financial hit of losing a key individual.
Buys time to recruit or restructure.
Protects business confidence with staff, suppliers, and clients.
Helps families of sole traders cover outstanding business liabilities.
What are the risks and tax considerations of Key Person Insurance?
The tax treatment of premiums and payouts varies depending on business structure. Some proceeds may be taxable as trading receipts, and certain trust arrangements can carry tax implications. Professional advice is essential.
What is our role as Key Person Insurance advisers?
We help you identify your key people, assess the level of cover needed, and choose the right policy structure for your company. Based in Tunbridge Wells, we advise businesses across Kent, East Sussex and the UK.
How Business Ownership Protection works.
What is Business Ownership Protection?
Business Ownership Protection ensures that if a shareholder, partner or member dies or becomes critically ill, the remaining owners can buy their share of the business. This avoids disputes, protects families, and keeps control in the right hands.
Why is Business Ownership Protection important?
Without a plan, ownership may transfer unexpectedly to a family member or external party. This can disrupt decision-making and jeopardise continuity. Business Ownership Protection ensures the company’s leadership stays secure.
How does Business Ownership Protection work?
Different structures suit different arrangements:
Individual purchase plan: Each owner takes out a policy on their own life, written in trust for co-owners. Proceeds are used to buy their share if they die or become critically ill.
Life of another: In smaller businesses, owners can take out cover on each other’s lives so surviving owners receive funds to buy shares.
Cross-option agreements: Legal agreements that give surviving owners the option to buy, and the family the option to sell, shares in the event of death or illness.
Company share purchase: The company itself insures a shareholder and uses proceeds to buy back their shares (subject to Companies Act rules).
What are the Benefits of Business Ownership Protection?
Ensures business control remains with the right people.
Prevents disputes or forced sales.
Provides families with fair value for inherited shares.
Gives financial stability during transition.
What are the Risks and tax considerations of Business Ownership Protection?
Company share purchases are subject to strict legal requirements. Tax treatment of premiums and payouts differs depending on whether policies are company-paid or individually held. Cross-option agreements are recommended to avoid future disputes.
What is our role as Business Ownership Protection advisers?
We help business owners structure cover and agreements to protect both the business and their families. From partnerships to limited companies, we guide you through the options and ensure your arrangements comply with legal and tax rules.
Looking for broader financial advice? Alongside business protection, we help owners plan pensions, succession, and personal finances. Find out more about financial advice for business owners →
Ready to protect your business and secure your future?
Running a business brings unique challenges; from auto-enrolment duties to protecting key people and planning your own finances. The right advice can save time, reduce risk, and give you peace of mind.
Leave your details and one of our Chartered Financial Advisers will be in touch to discuss your situation and show how we can help.
Based in Royal Tunbridge Wells, Kent, we work with business owners and entrepreneurs across the UK.
Why choose AVT?
Chartered planners.
Free first meeting.
Business owner specialists.
Independent, whole-of-market.
Kent & UK clients.
Clear, confidential advice.
Our location.
AV Trinity Limited
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS
Tel: 01892 612500
Email: info@avtrinity.com
Areas we cover.
We advise clients across the UK. Locally, we support clients throughout Kent, including Ashford, Maidstone, Sevenoaks and Tonbridge. In East Sussex, we advise clients in areas including Bexhill, Crowborough, Eastbourne, Hastings, Heathfield and Uckfield.
Looking for something else?
These articles explore other areas of financial planning that could support you and your business; from retirement strategies to personal tax planning.
Understand how much income you’ll need in retirement, the pension pot required, and how tax affects the outcome - with a simple calculator to test your plans.