• Death of a Salesman

    38% of businesses would fail within the first year

    Legal General Business Protection Gap

  • It’s all on you

    61% of businesses would fail should the owner pass away

    Legal General Business Protection Gap

  • Access to the subs bench

    If you lose a key worker, we can find a replacement to cover their work within 48 hours

  • Mind the gap

    There is a £1.35 trillion insurance gap in the UK business sector

    Legal General Business Protection Gap

  • Profit warning

    70% of businesses would lose income while a key person was off sick

    Legal General Business Protection Gap

Keyman Insurance

What is it?

Keyperson (or Keyman as it has always been known), is a policy which protects your company should you lose a key worker due to illness or death. Many companies’ futures are tied up by a few key individuals who bring in the contracts and close the deals that keep the business ticking over. 

Should you lose a key worker due to illness or injury your company’s future is threatened. The plan will help to cover the financial loss to the company and with some providers, give you access to a business substitutes bench to keep you going. They will help find a temporary well trained and suitable replacement within 48 hours. If your company needs to then find a full time member of staff, the insurer is there to help. 

Find out how Proadvice can help

Do I need it?

Who are the people in your company that drive the business forward? Do you have a visionary Director whose last idea brought in record profits for your company? Is it your top salesman who by breaking targets has kept your company going? 

Now what happens if your salesman phones in sick and it is serious, who can cover his sales?  Sure you have really good people but would/could they close the deals that he could?  What impact would that have on your company? 

One contract may bring in enough work for the factory for a whole year; all of these people are now put at risk.  Your company is now at risk.

According to a recent industry survey, 61% of companies would fold within 6 months if the company lost a keyworker or Director. 70% of companies would lose income if a key worker is off sick. 

  • Can your business afford to cope without business protection? 
  • Who are your key workers?

Speak to a Proadvice Keyman Consultant

How does it work?

When a key worker dies or becomes ill, it can have a massive knock on effect for your company.  Profits fall and the remaining staff have had to double their workloads to cope. 

Keyman insurance is designed to take that financial concern away.  A lump sum would be paid to your business to cover the loss in profits and allow you to take time out of the office to hire a replacement.  The benefit of this is your company does not lose valuable time or profit when tragedy strikes. Your Proadvice adviser will help you decide who your keyworkers are and how much they should be insured for.  With regular reviews we can ensure your business is always protected no matter what happens.  

 

Book Your Review Now

The facts

12% of businesses would fail within the first year following the death of a keyworker and another 26% would not last a full year.  That is 38% of businesses that would fail before 12 months.

A staggering 6 out of 10 businesses have no protection insurance at all for their keyworkers.  There clearly is a need for it so why don’t more businesses protect themselves? We believe it is due to the fact they have not had any good advice, which is what we are here to do. 

Which category do you fall into?

  • 19% of businesses believe insurance is too expensive. However, wouldn’t you agree that protecting your business from failure is worth significantly more than the monthly premium you may be saving? Proadvice can find you the most tax efficient policy on the market.
  • 6% of companies never even considered it. By speaking with one of our Proadvice advisers, we can highlight potential gaps in your cover which you should consider.
  • 24% of businesses just don’t have the time or are too busy to evaluate their needs. At Proadvice we are flexible to ensure we are available at a time to suit you. As we are online Protection Specialists; we deal with you over the phone or by email rather than meeting face to face, which is more convenient to you.

Book your Consultation with one of our Specialists today

The following videos are created by a third party and neither Pro Advice Financial Services Ltd nor Sesame Ltd are responsible for the accuracy of the content.

  1. FAQs
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  3. Why us?
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  6. Careers

Guides and frequently asked questions

Taking out Insurance can be daunting; to help with the process we have put together some helpful guides and have answered our frequently asked questions, or if you prefer speak to a Proadvice adviser.

Frequently asked questions

Compare Life Insurance Companies

When it comes to getting the right insurance policy it is important to speak to a Proadvice Provider who can tell you they key points of each plan. We compare 100s of different polices every day and can point out the important details to you. However if you would like to know more about the insurance companies and their history we have put together some interesting information and some key points of the policies they provide. The list below is a sample of providers used.

Choose from the list of great providers below to get started:

aegon ageas aviva axa british friendly
cirencester exeter family friendly friends life holloway friendly legal and general
lv partnership paymentshield pruhealth royal london
pruprotect shepherds friendly unum

Who are Proadvice?

Here at Proadvice our aim is to offer a professional service with our team of protection specialists and customer support. We offer you quotes with full impartial advice on the best products with plans designed to suit you. With our price guarantee we promise we will not be beaten.

The wealth of experience our specialist advisers possess enables them to explain and recommend the right products for you and therefore avoid any disappointment if the need for you or your family to claim did arise.

We make it our job to understand all of the policies inside out and understand the small print, so you can have complete peace of mind with your policy.

When buying insurance it is essential to find the right insurance company based on your health, hobbies, and your lifestyle as this will have a major effect on the final premium you will pay.

It is our job to find you the right insurance company with the very best cover for your circumstances and to also find you the most competitive rates in the marketplace today.

Here at Proadvice we do not charge a fee for the services we provide and can assist you on all elements of your personal protection from Life Insurance, Critical Illness Cover and Income Protection needs.

Why Proadvice?

Our sole aim is to advise and recommend the best polices for you should the worst happen. People come to Proadvice to ensure that when they take out a protection plan, they are going to be adequately covered. We have years of experience reading the small print, in fact we love the small print. It is one of the things that make us stand out from the crowd. We can advise you of the plans most suited to your circumstances and let you know what you are covered for and just as importantly what you are not, so you can have complete peace of mind before you take out the plan. The protection industry is an industry that wants to pay. Last year was a big year for pay outs and it is therefore important to know how to set the plan up correctly.

We know there might be more interesting and exciting things to do than taking out insurance however, we know how important it is to get it right. The insurance and financial industry isn't known for simplicity and can have difficult to understand literature.

Speak to one of our advisers today

Life insurance with advice

Taking out the cheap option may seem like the easies thing to do when taking out life insurance, critical illness cover and income protection. There are so many choices to make it can seem like you are in a minefield and unsure which way to turn and people could end up taking a policy not suitable or worse give up on the idea all together.

Most people will speak to an adviser who can guide them and recommended a plan that is tailor made for these circumstances. The other option would be to do it yourself and hope you have the right plan and it is set up correctly. In 2005 the Financial Services Authority (FSA) made buying insurance more easier to understand, if you wanted to sell life insurance you could offer advice or just offer a quote service and offer no advice whatsoever. With no advice you are on your own, all the broker can do is give you the means to set the plan up. If the plan ends up owing inheritance tax, does not pay out because of your hobby or has exclusion you were unaware of the buck stops with you.

When taking a policy with advice all the small print and clauses are highlighted to you and are explained in a jargon freeway. The adviser can also make recommendations and give guidance to you about what sort of plans are most suitable some you may have even been aware of. Best of all you are completely protected through The Financial Conduct Authority, Financial Services Compensation Scheme & Data Protection Act 1988.

Speak to your Proadvice financial consultant about getting advice today 01933 417 300.

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Opening Times

We are open from:

9am - 7pm Monday to Thursday

9am - 6pm on Fridays

9am - 2pm on Saturdays

Call us free on 08000 502 602

Mobile Friendly 01933 417 300

Or if you prefer pick a time for us to call you

Contact Us

To talk to an adviser straight away please call 01933 417 300 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

For any general enquiries or updates on cases, please contact our This email address is being protected from spambots. You need JavaScript enabled to view it.

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Recommend Us

To recommend a friend please email This email address is being protected from spambots. You need JavaScript enabled to view it. Remember to include your personal details so we know who to send the vouchers to.

If you have just had a baby in the last six months or know someone who has please contact us for your free baby life cover at This email address is being protected from spambots. You need JavaScript enabled to view it.

Challenge Us

If you want to take part in the customers challenge with your existing policy taken out in the last 12 months then please email the details of your plan and contact information to This email address is being protected from spambots. You need JavaScript enabled to view it.

We always want to hear how your experience with Proadvice went. We love to hear when things go well but as important we like to know how we can improve. Any comments would be gratefully recieved. Please email This email address is being protected from spambots. You need JavaScript enabled to view it.

Join Us

Interested in a career with Proadvice Financial Services? Please send your CV to This email address is being protected from spambots. You need JavaScript enabled to view it.

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Link to us

If you are interested in placing a link on your site to Proadvice Insurance, Barker and Bass or Right Lettings, this can be done by simply copying and pasting the HTML below into the relevant page on your site:

http://www.proadviceinsurance.co.uk/

http://www.barkerandbass.co.uk

http://www.rightlettingscompany.co.uk

Protection Advisor - Rushden - OTE - £50k + Package

Due to expansion we are looking to recruit Protection Advisors to expand our sales team.

We are looking for insurance consultants with both customer service and sales focus with experience of working within a target orientated environment within Financial Services or Insurance.

We will offer excellent, ongoing training (including study towards professional qualifications) and offer fantastic career progression.

You will be required to give sound financial advice to meet their financial protection needs whilst offering unrivalled customer service.

As a Protection Adviser you will:

  • Work closely within a sales team to ensure that any potential clients protection needs are met
  • You will be taking enquires for customers for their insurance needs and then provide bespoke advice
  • Be responsible for and competent in, advising, servicing and building customer relationships

Experience required for the Protection Advisor Role:

  • Experience of working within a financial sales environment with a proven track record
  • Good general knowledge of the financial services industry and competitor activities
  • Strong interpersonal and communication skills
  • Efficient and accurate in following sales processes and completing related administration
  • Professional and credible
  • Highly focused to succeed and exceed expectations
  • Experience of working in a busy customer driven environment
  • The ability to work as part of a team

We are offering the right candidate a competitive starting salary and monthly uncapped commission.

To apply for the role please simply send your CV with a covering letter to This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact

If you wish to discuss this vacancy and all other vacancies that we have in the financial sector, please contact James Barker on 01933 417300. All calls will be treated confidentially.


Mortgage & Protection Consultant - Rushden - OTE - £50k + Package

The ideal candidate will have a proven back ground in sales, be highly motivated, well presented and eager to succeed. Previous experience in mortgages would be ideal, however if you are looking for a change in career with a high profile company that will provide you with the latest mortgage qualifications (Cemap), apply below.

You will provide an effective and efficient mortgage advisory/placement service to customers of the company ensuring the provision of "best advice" in line with company procedures and statutory rules and regulations.

As a Mortgage & Protection Consultant you will:

  • Work closely within a sales team to ensure that any potential clients mortage & protection needs are met
  • You will be taking enquires for customers for their mortgage and insurance needs and then provide bespoke advice
  • You will be based in a local estate agency and will advise over the phone as well as face to face
  • Be responsible for and competent in, advising, servicing and building customer relationships

Your main tasks will involve:

  • Experience of working within a financial sales environment with a proven track record
  • Good general knowledge of the financial services industry, competitor activities and the mortgage market
  • Strong interpersonal and communication skills
  • Efficient and accurate in following sales processes and completing related administration
  • Professional and credible
  • Highly focused to succeed and exceed expectations
  • Experience of working in a busy customer driven environment
  • The ability to work as part of a team

We are offering the right candidate a competitive starting salary and monthly uncapped commission.

To apply for the role please simply send your CV with a covering letter to This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact

If you wish to discuss this vacancy and all other vacancies that we have in the financial sector, please contact James Barker on 01933 417300. All calls will be treated confidentially.

Other types of cover

Life insurance

Life Insurance

It comes in many forms; its aim is to pay out an agreed amount to your loved ones in the event of your death.

see more

Health Insurance

Health Insurance

Health insurance or "going private" is an insurance policy designed to cover the costs of healthcare.

see more

Income Protection

Income Protection

Income Protection is a name given to several products, accident & sickness cover, permanent health insurance and redundancy plans.

see more

Building & Contents

Building and Contents

B&C is the insurance you take out to protect your home, should someone steal your TV or your roof collapses.

see more

Business Protection

Business Protection

I am sure you are like most people who feel as though you pay too much tax already?

see more

Critical Illness

Critical Illness

Critical Illness Cover turned 30 this year. It has developed in many forms over the years but the aim is still the same.

see more

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