ConfidentialProtection Review 2026
Your Business
Protection Review
Safeguarding Your People, Your Business & Your Legacy
Prevail Partners
Prepared for Justin Hedges OBE
Executive Chairman & Co-Founder
Your Recommendation
A Tailored Approach
Dear Justin,
Thank you for taking the time to review your company's protection arrangements with me. It has been two years since we originally put these policies in place for Prevail Partners, and I wanted to provide you with a comprehensive overview of where things stand — what is currently active, who is covered, and what the ongoing costs are to the business.
As a global intelligence and security company with operations across hostile environments and national security sectors, Prevail Partners depends on the expertise and leadership of its key people. The protection we arranged two years ago was designed to ensure that if something happened to any of your covered team members, the business would have the financial resilience to continue operating, and their families would be properly looked after.
Currently, Prevail Partners has a combination of Relevant Life Plans and Business Protection Plans in place across six members of the team. The total monthly cost to the business is £2,849.79, with all premiums qualifying for Corporation Tax relief — making this a highly tax-efficient arrangement.
One area we discussed at the time but did not proceed with was Key Person Insurance. Given that Prevail Partners has continued to grow and the value of your key personnel to the business has only increased, this may be a good opportunity to revisit that conversation. Key Person cover would protect the company itself against the financial impact of losing a critical individual — covering recruitment costs, lost revenue, and business continuity.
I would also welcome the opportunity to review whether the current levels of cover remain appropriate. Circumstances change — salaries may have increased, new team members may have joined, and the business valuation may have shifted. A brief review would ensure everything remains aligned.
The following pages set out your current policies in detail, along with a summary of each team member's cover.
Tom Hitchcock
Founder / Director · Protection Adviser
Broadbench Ltd
Current Protection
Your Active Policies
A complete summary of all protection policies currently in force for Prevail Partners. Each policy is active and premiums are being paid by the company, qualifying for Corporation Tax relief.
Team Members Covered
6
Active Policies
8
Monthly Premium
£2,849.79
CT relief applicable
Annual Premium
£34,197.48
Tax-efficient
Justin Hedges OBE
Executive Chairman & Co-Founder
£2,152,612
To age 70
£6,457,838
To age 61
Damian Huntingford OBE
Co-Founder & CEO
£6,457,838
To age 56
£2,152,612
To age 70
Daryn Liddle
Intelligence Director
£3,244,725
To age 50
Kirsty Wheeler
Commercial Director
£1,086,781
To age 70
Thomas Long
Project Lead
£1,079,000
To age 70
Matthew Dean
Team Member
£538,153
To age 70
Relevant Life Plan (RLP)
Tax-efficient life cover paid by the company. Written into trust so proceeds are paid tax-free and outside the estate for IHT purposes. Not classified as a benefit in kind — no P11D impact. Premiums are a Corporation Tax deductible business expense.
Business Protection Plan (BPP)
Protects the business against the financial impact of losing a key individual. The payout is made to the company to cover lost revenue, recruitment costs, and business continuity. Premiums may be Corporation Tax deductible where the sole purpose is to meet a loss of trading income.
Opportunity to Revisit
Key Person Insurance
When we originally discussed your protection arrangements two years ago, Key Person Insurance was considered but not taken forward at that time. Given Prevail Partners' continued growth and the increasing value of your senior team to the business, this is an area worth revisiting.
Current Gap in Cover
While your existing Relevant Life Plans and Business Protection Plans protect individuals and their families, there is currently no cover in place that protects Prevail Partners as a company against the financial impact of losing a key person. The existing Business Protection Plans are structured to protect co-shareholders — Key Person Insurance would protect the business itself.
Business Continuity
If a key individual were unable to work due to serious illness or death, Key Person cover provides the company with a lump sum to manage the financial impact — covering lost contracts, reduced revenue, and operational disruption during a critical period.
Recruitment & Replacement Costs
Replacing a senior leader in a specialist field like intelligence and security is not straightforward. Key Person cover provides funds to recruit, train, and onboard a replacement without putting strain on the company's cash flow.
Protecting Shareholder Value
For a company like Prevail Partners, where the founders and senior team are integral to client relationships and contract delivery, the loss of a key person could directly impact the business valuation and shareholder interests.
Corporation Tax Deductible
Key Person Insurance premiums may be Corporation Tax deductible where the sole purpose is to meet a loss of trading income from the loss of that key person. This makes it a cost-effective way to protect the business.
Key Individuals to Consider
Justin Hedges OBE
Executive Chairman & Co-Founder
Founding leadership, strategic direction, government relationships, and client trust. Loss would impact contract pipeline and business development.
Damian Huntingford OBE
Co-Founder & CEO
Day-to-day operational leadership, senior client relationships, and team management. Loss would create immediate operational disruption.
Daryn Liddle
Intelligence Director
Specialist intelligence expertise, analytical leadership, and operational delivery. Highly specialised skill set that would be difficult and costly to replace.
Key Business Protection Statistics
of small businesses fail within 5 years of losing a key person
cite unexpected loss of a key person as a contributing factor
of small business owners have key person cover in place
average cost of replacing a key person compared to their salary
Annual Review
Is Your Cover Still Right?
Protection arrangements should be reviewed regularly to ensure they remain aligned with your current circumstances. Two years have passed since these policies were put in place — here are the key areas worth checking.
Two-Year Review
It has been two years since your protection was arranged. A brief review call would allow us to confirm that cover levels, beneficiary nominations, and policy structures all remain appropriate for Prevail Partners' current position.
Salary Changes
If any team member's salary or total remuneration has increased since the policies were arranged, the cover amounts may no longer reflect the correct multiple of earnings. We should ensure cover levels remain proportionate.
New Team Members
If Prevail Partners has brought on new senior hires or promoted individuals into key roles, they may benefit from being added to the protection arrangements — particularly Relevant Life Plans, which are highly tax-efficient.
Business Valuation
As the company has grown, the business valuation may have changed. Business Protection Plan cover amounts should reflect the current value of each shareholder's interest to ensure the buy-out arrangements remain adequate.
Trust & Nomination Updates
It is good practice to review trust nominations periodically — particularly if there have been changes in personal circumstances such as marriage, divorce, or the birth of children. We should confirm all nominations remain current.
Current Cover at a Glance
| Team Member | Policy | Cover | Premium | Term |
|---|---|---|---|---|
| Justin Hedges OBE | RLP | £2,152,612 | £434.80/mo | To age 70 |
| Justin Hedges OBE | BPP | £6,457,838 | £1,037.28/mo | To age 61 |
| Damian Huntingford OBE | BPP | £6,457,838 | £628.47/mo | To age 56 |
| Damian Huntingford OBE | RLP | £2,152,612 | £282.46/mo | To age 70 |
| Daryn Liddle | BPP | £3,244,725 | £189.33/mo | To age 50 |
| Kirsty Wheeler | RLP | £1,086,781 | £93.32/mo | To age 70 |
| Thomas Long | RLP | £1,079,000 | £154.40/mo | To age 70 |
| Matthew Dean | RLP | £538,153 | £29.73/mo | To age 70 |
| Total Monthly Premium | £2,849.79/mo | CT relief | ||
Next Steps
What Happens Next
A clear, straightforward process to review your current arrangements and explore additional cover.
Review Meeting
We'll walk through this summary together — covering each team member's current cover, the total cost to the business, and whether any adjustments are needed. This is your opportunity to ask questions and flag any changes.
Key Person Discussion
We'll discuss Key Person Insurance in detail — which individuals should be covered, what level of cover is appropriate, and how the premiums would work from a tax perspective. I'll prepare specific quotes based on your requirements.
Cover Level Review
If salaries have changed, new team members need adding, or business valuations have shifted, we'll adjust the cover levels accordingly. I'll handle the process end-to-end, including any medical underwriting.
Implementation
Any new policies or amendments go live. Your team and business are protected with the updated arrangements. I'll confirm all details and ensure everything is set up correctly.
Trust & Nomination Review
We'll review all trust nominations to ensure they remain current and reflect each team member's wishes. Any updates to beneficiaries or trustees can be processed quickly.
Tom Hitchcock
Founder / Director · Protection Adviser
Broadbench Ltd
Verified reviews on Trustpilot
"Tom was incredibly helpful and knowledgeable"
Tom was incredibly helpful and knowledgeable. He took the time to understand my needs and provided clear, tailored advice. The whole process was smooth and stress-free. Highly recommend!
Sam Sherwood
March 2025