Partnership Protection

Helping you secure your business in the event of death of a business partner.

Partnership protection provides the ability to buy out a partner's interest in a business in the event of their death. We've partnered with AIG to keep you covered.

Contact your local agency office

However you choose, whether in person or at the end of a phone, our Agents will be there for you when you need them most.

Product overview

As a business owner you have tough decisions to make day in, day out and you know that unexpected events can have a dramatic impact on the long-term security of both your business and your employees.

One of the great risks of a business partnership is that one of your partners may die, with his or her share of the business passing to someone else. That person may have little interest in the business or - at worst - may be hostile to your objectives.

Equally a partner who suffers a serious illness may want to retain the option of continuing in the business or be compensated for their exit from the business.

The ideal solution is to have a partnership protection arrangement in place, to buy out a partner’s interest in the business.

Business Protection Term Assurance will pay out a lump sum if a person it covers dies or suffers a terminal illness* during the term of the cover. There is the option to include Critical Illness cover for added security.

*Terminally ill means being diagnosed with a life expectancy of less than 12 months.

Benefits of Partnership Protection cover:

  • Agreements, insurance, and trusts can be established to protect the business against the financial implications of a partner’s death or terminal illness.
  • Your business interests are protected against hostile, or uninterested inheritors.
  • Funds are available to help buy out the deceased's interest in the business and compensate any dependents.
  • Avoid the sale of assets to repay the deceased partner’s interest in the business.
  • Retain confidence of employees and customers.
When you contact us we'll explain the advice services we offer and our charges. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.

Financial advice is provided by NFU Mutual Select Investments Ltd.

Our chosen partner AIG

This range of protection products is provided by AIG. They complement us perfectly, adding choice and value to our range of products and mirroring our commitment to outstanding customer service.

  • Experience

    We've been providing financial advice for over 90 years, so you can be sure that the advice we give will be appropriate for your circumstances and financial goals.

    Experience

    We've been providing financial advice for over 90 years, so you can be sure that the advice we give will be appropriate for your circumstances and financial goals.

  • Expertise

    With NFU Mutual Financial Advisers across the UK, we can help you make sure the right cover is in place to protect your family's financial future.

    Expertise

    With NFU Mutual Financial Advisers across the UK, we can help you make sure the right cover is in place to protect your family's financial future.

  • Mutuality

    Our approach is built around our mutuality, working in the interests of our customers.

    Mutuality

    Our approach is built around our mutuality, working in the interests of our customers.

What's next?

Take out a new policy

Ready to buy a Business Protection policy? We can help you to make sure that you get the right cover.

Existing customers

Get a new quotation, make changes to, discuss your renewal or cancel your Insurance policy.

Business Protection Claims

Start a new claim and discuss or update a claim that is in progress.