Other Services

Other Services2018-08-21T23:39:17+00:00

We also offer the following services

General Insurance

We have access to a wide range of general insurance products, including accident, sickness and unemployment, protection insurance and building and contents insurance.

Taking out buildings and contents insurance with your mortgage lender may be convenient, but it might not always give you the best protection for your money. Why not talk to one of the specialist Karrek advisers before you buy? We can discuss general insurance products from big-name providers so that you end up with the right insurance for your needs.

Speak to our General Insurance specialists: Daniel Best, Jeremy Martin or Ben Richards on 01637 853153

Commercial Finance

If you require finance for your business, we can help you arrange the loan. A range of products are available to deal with commercial finance and can be used for the below scenarios:

Our advisers at Karrek can arrange commercial lending for the following:

  • Pubs
  • Hotels
  • Restaurants
  • Industrial Factories
  • Offices
  • Residential
  • Commercial Development
  • Buy to let Properties
  • Commercial Investments
  • Owner / Occupier Premises
  • Leasehold Business
  • Professional Practices
  • Retail Outlets
  • Post Offices
  • General Stores
  • Equestrian Centres
  • New Build Developments
  • Bridging Finance and Non-Status Enquiries.

Ask to speak to our Commercial Finance specialists: Jeremy Martin, Richard Olive or Ben Richards on 01637 853153

Please note: Commercial Finance is not regulated by the Financial Conduct Authority.

Critical Illness

Critical Illness Insurance will pay you a tax free lump sum on diagnosis of any one of a wide range of serious illnesses such as:

  • Heart Attack
  • Cancer
  • Stroke
  • Kidney Failure
  • Major Organ Transplant
  • Permanent Total Disability

The diagnosis of such an illness would be a major trauma in your life, however, you would still have to meet your financial commitments.

A policy could help someone with a critical illness pay off the mortgage or other loans, compensate for a loss of income from work, or pay for children to finish their education.

Ask to speak to our Critical Illness specialists: Dan Best or Ben Richards on 01637 853153

Income Protection

What would happen to your income if you were unable to work due to long term sickness or incapacity?

If you are an employee your employer by law must pay statutory sick pay up to 28 weeks which in most cases would be less than your full earnings. In addition to this you may be eligible for benefits?

Regardless of the previously mentioned scenarios you will be faced with a substantial drop in your income.

Income Protection Insurance is a plan designed to give you a regular income if you suffer illness or injury leading to loss of earnings. You select the features of the plan to make sure the cover is right for you.

You decide:

  • The amount of benefit you require (maximum amounts apply)
  • How soon you need the benefit to start
  • How long you need the benefit to be paid
  • How long you want the cover to last

To discuss Income Protection Plans with one of our advisors 01637 853153.

Inheritance Tax

Overall Property prices have increased substantially in the last decade and many more people are subject to Inheritance Tax.

The way inheritance tax is calculated means that your estate (everything you own at the time of your death) is assessed by the tax man. House, car, jewellery, investments – they all come into the equation.

The current rate of Inheritance Tax is set at 40%. The tax is paid by those that inherit – and is deducted from the estate on death therefore this makes the Tax relevant whether you stand to gain an inheritance or you plan to leave one.

Speak to one of our inheritance tax specialists: Daniel Best, Jeremy Martin or Ben Richards on 01637 853153

Please note: HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen

Life Assurance

What is it that keeps your possessions, family, home and lifestyle safe – your income.

If you die, the last thing you’d want would be to leave your family facing financial difficulties. That’s why life insurance is so important. But having a cash sum to pay off the mortgage or provide your family with an income is only half the story.

You can also use life insurance for inheritance tax planning and pass on more to your loved ones. Some of our plans can be written in trust, which means you can make sure more of your money goes to your loved ones – not the taxman. Using a trust also makes sure the money goes to your beneficiaries more quickly.

There are different types of Life Assurance available so discuss them with one of our advisers to help you decide which is most suitable for your needs.

Speak to our Life Assurance specialists: Daniel Best, Jeremy Martin or Ben Richards on 01637 853153

Please note: HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen

Will Writing

By making a will you are ensuring that the savings and property (the estate) you have acquired during your lifetime will benefit the people and relations you care most about.

If you were to die without having a will the estate is subject to the rules of intestacy. This essentially means the estate is divided up according to strict rules and it’s possible that some people you would wish to benefit may not do so.

Will writing is an essential part of everyone’s financial planning.

Speak to our Will Writing specialists: Andrew Turner or Richard Olive on 01637 853153

Please Note: Will Writing is not part of the Openwork offering and are offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will Writing is not regulated by the Financial Conduct Authority.

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