Business Loan Insurance for Company Bug Members

Company Bug and Drewberry have a partnership to help Company Bug readers set up Business Loan Insurance.

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Drewberry has helped hundreds of companies across the country with Business Loan Insurance.

It’s an insurance policy that pays out a lump sum equivalent to outstanding corporate debt if a key person responsible for repaying that debt passes away. Debts can include corporate loans, overdrafts, commercial mortgages, director’s loans and even venture capital funding.

We offer advice on all aspects of this cover, including:

  • How HMRC taxes premiums and payouts
  • Whether you need level or decreasing cover
  • Whether you need to write it into trust
  • The best insurers to choose from.

Why Business Loan Protection?

While Business Loan Insurance is not a legal requirement, many lenders and venture capital firms now require you to have some form of protection in place when you arrange business loans.

Unprotected companies face being declared insolvent in the event of a key person unexpectedly exiting the business if they can’t repay a loan.

According to Legal & General, 52% of company directors expect their company to fail within a year if a key person died / became seriously ill. How would your business cope?

Get Business Loan <br/>Insurance Quotes
  • £
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  • years
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Head Office & Pensions and Investments
Senator House
85 Queen Victoria Street
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
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If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is

Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.

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