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Business Protection Insurance

Most people who own businesses are very much passionate about their work. They encounter everyday challenges in innovative ways and keeps growing their businesses. But most often, they fail to acknowledge future potential risks that can damage their business. As a business owner, the hazards that can threaten your company in the future are diverse and very much unpredictable. It can be in the form of new competitors entering the market, losing your key employee, losing one of your stakeholders, or not getting enough credit from the bank. So to tackle unprecedented circumstances that can take over your company, you need to hedge yourself from all these risks with a business protection insurance. Business protection insurance is part of our Commercial Insurance policies and offers a set of various policies that helps your company in the event of a financial or operational fall-out. 

Business Protection Insurance

How does Business Protection Insurance work?

Business protection insurance includes plans that cover employees, directors, stakeholders, as well as group risk benefits. Features of this cover include:

  • Life cover for employees: Employees are your greatest asset as far as your business is concerned. So losing one of your key employees will be a significant loss to the employee’s family as well as your business. Life cover for your employees ensures that the family of your employee gets paid a lump sum amount in case of death while working for your company.
  • Key employee cover: Your business operations can get severely affected in the absence of your key employees. So key employee cover is designed specifically to tackle this scenario. Key employee cover helps you to protect your business in the course of death or severe illness of one or more of your key employees.
  • Partnership cover: A sudden demise or absence of your shareholder can affect your business significantly. Partnership cover helps you during such an event by providing your business with a lump sum amount in the event of death or severe illness of one of its shareholders.
  • Loan protection: Loan protection helps you to cover business loans and credit facilities in case you lose a business partner or repay outstanding loans.

Why would you need Business Protection Insurance?

There are mainly two benefits of buying Business Protection insurance. They are:

  • Ensures business continuity during an unprecedented event that can adversely affect your company operations. 
  • Business Protection Insurance covers every aspect of financial security that your business requires in case your employees or shareholders get affected by unfortunate events.

Hence, it is necessary that businesses that aim to work at maximum efficiency with minimum interruptions buy a business protection insurance that will ensure business continuity and employee security.

Lenin Raphael
Lenin Raphael
2024-05-15
Just purchased my second car insurance policy from Ishan Ullah. Great Service. Proactive. Responsive. Highly Recommended! Looking forward to coming back to Ishan next year for my third policy. Thanks Ishan!
Zahid Iqbal Sheikh
Zahid Iqbal Sheikh
2024-05-02
I bought a car insurance from here and the experience was smooth. I was assisted by Mr. Prathvi Singh along the way. Despite a minor issue, he was able to handle the issuance properly with his responsiveness and proficiency. I truly appreciate their dedication to client satisfaction. Highly recommend!
sakthi kumar
sakthi kumar
2024-04-29
Good Followups & very friendly
Salman Ali Shahid
Salman Ali Shahid
2024-04-29
We have been dealing with petra for a very long time. A problem that occurred to our building. And Mr. Adrian was the person in charge who had to complete all the tasks. He has completed his required job and he has done an excellent work due to which we have ontained our refunds back from the insurance. And also the required approvals on timister. Adrian was well prompt office work and also was very. Quick and responding to all the corespondence Either through WhatsApp or email promptly, so the appreciation goes towards the good job done.
Sam Sadmi
Sam Sadmi
2024-03-13
Don’t know much about Petra but I know Hero as I dealt with him for many years. Also before he joined Petra. Very reliable and great service. So for me it’s about the people that you work with.
saji velayudhan
saji velayudhan
2024-03-12
Recently I had purchased vehicle insurance policy through Petra insurance broker LLC. My insurance advisor Mr. HERO BULACAN really put his maximum effort for my requirements and assisted in getting an optimum policy. It is worth mentioning that I was also approached other brokers, but unable to get a good deal. Mr. Hero is very transparent and prompt in response. Getting an agency repair within your budget is a challenging task which Mr. Hero has done it in a systematic manner. Thanks for that.
Sonya Coates
Sonya Coates
2024-03-12
Hero is, absolutely amazing he has been my broker for years I have followed him everywhere. Highly recommend him and his new company Petra. Thanks Hero you really are our family hero ha ha
Mohannad Alkhofash
Mohannad Alkhofash
2024-03-11
Excellent experience with Petra Insurance Broker! Their service is top-notch, and the website is user-friendly. Special thanks to Prathvi for making the process smooth and being incredibly helpful.
Natasha Wanda Noval
Natasha Wanda Noval
2024-03-09
This is to express my sincere gratitude for the exceptional service we received during our recent motor insurance renewal. I would like to specifically thank Nishad and Prathvi for going above and beyond to assist us even if it’s weekend. Their willingness to help made the renewal process smooth, efficient and just be on time of our renewal date. Thank you once again for the outstanding customer service.

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