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Are there any Buisness overdraft stand alone insurance/protection policies available?
kana_2
Posts: 11 Forumite
My father and i have a small family buisness basically just the both of us .
We have an overdraft with LLoydsTsb and they want us to take out protection insurance for the overdraft (which is expensive).
We are trying to cut down on the ever increasing overheads of running a small buisness/partnership.
Are there any standalone insurance/protection schemes for buisness overdrafts?
We have an overdraft with LLoydsTsb and they want us to take out protection insurance for the overdraft (which is expensive).
We are trying to cut down on the ever increasing overheads of running a small buisness/partnership.
Are there any standalone insurance/protection schemes for buisness overdrafts?
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Comments
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what sort of protection?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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I forgot to mention for accident/sickness cover.0
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Ok then yes. The standalone product is called permanent health insurance (PHI) and is available though any independent financial advisor or whole of market protection advisor. It is also available through tied agents but would be more expensive and usually of lower quality.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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