FIBA teams up with BQI Protection to provide life cover for commercial lending

FIBA has partnered with BQI Protection to launch a unique referral service for its member firms.

The proposition, which is available with immediate effect, offers FIBA members an outsourcing option for life protection cover for commercial lending.

“Our members now have the opportunity to provide introductions for many types of business protection, including cover for commercial mortgages, specialist property loans and director loan accounts among a number of different commercial credit facilities,” said Adam Tyler, executive chairman at FIBA (pictured above).

“I believe this will be a really valued service and have spent time looking for the right partner to assist our broker members in providing the protection for their business customers when borrowing on a commercial basis.

“On a personal note, I am absolutely delighted that through our sister organisation, SimplyBiz Mortgages, we have been able to secure this relationship.

“I am really looking forward to seeing our partners, members, and most of all their customers getting real benefit from the introduction of this new initiative with FIBA.”

Malcolm Robertson, co-owner of BQI Protection, added: “Most companies in the UK don’t have the right financial protection in place should something happen to an owner, partner or a key person. 

“That’s why we are extremely excited to be working with FIBA and its members to offer a referral facility for business protection advice. 

“This strategic link provides wider access to options that can help to reduce financial disruption, save livelihoods and lower the UK’s business protection gap.”

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