Business Protection

Business Protection

Just as you protect your property, vehicles and liabilities with insurance, you need to protect your income and share holding in your business. 

What if...

  • A director, partner, or key employee dies unexpectedly?
  • You have to find a temporary stand-in?
  • You lose customer goodwill during a poorly-resourced transition period?
  • You need to purchase equity from a surviving spouse - where would the funds come from?

What's covered?

We’ll design a bullet-proof plan for your business to help you through events like the loss of a director, partner or key employee to death or critical illness. 

We’ll help you identify your key risk exposures, and design a portfolio of protection including:

Our business is built on long-term relationships based on mutual trust and understanding. This enables us to contribute to high-level decision making and bring real benefit at all levels.

Business liabilities insurance
 
As a business owner you perhaps take it for granted that tangible assets have to properly protected. But what about profits and ownership? Does legislation & regulation affect your business, and in turn its profits?
 
Business Succession
 
Our Business Succession advice helps you plan for when you're no longer in your business. As well as shoring up the business itself against your retirement, leaving or even death, we'll help you work through your personal agenda and exit plan.
 
We'll establish what both you and the business need to put in place to meet your timelines and your financial expectations, and create a strategy to meet these.  
 
Family Protection for Business Owners
 
Family protection for business owners is a critical because it offers the most valuable protection for individuals and their respective families. Family protection can help with things such as:
  • Paying off liabilities
  • Provide for dependents / family etc
  • Provide continuing income for those who are incapacitated on a long-term basis

Share Protection

As a shareholder you want to know that your investment is in safe hands - at all times. But the death or critical illness of a main of a main shareholder could throw your company into chaos.
  • What will the beneficiaries do with the shares?
  • Will they try to sell them & who will buy them?
  • Are the beneficiaries suitable co-owners?
We can guide you through the pitfalls and legislation so that you have a clear, concise plan so your company can recover quickly following the loss of an integral business owner.
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“Having dealt with several insurers, I am pleasantly amazed by the speed and efficiency of La Playa's work!”

Toby C., Head of Communications, Academy of Ancient Music

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
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About La Playa Arts & Entertainment

Specialist & Independent

Specialist & Independent

The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation.

Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.

At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

  • Specialist insurance for entertainment and the arts
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Premiums start from £560 inclusive of IPT

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. A dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

 

Photo from Arts & Entertainment
Photo of Tracey McCreath ACII

Tracey McCreath ACII

HEAD OF MEDIA, ENTERTAINMENT & BROKING OPERATIONS

Direct Dial: +44 (0) 1223 200655

Mobile: +44 (0) 7747 536965

Email: tracey.mccreath@laplayainsurance.com

Twitter: @TraceyatLaPlaya