Business Protection

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We were very pleased with the considerate and kind professional service we were given.

– Mr & Mrs Semmence.

17/05/2009

There are different kinds of protection for three key groups:

Protection for Key Employees
Key employees are people who are essential in the success of your business and whose death could lead to financial losses in the business. Appropriate Key Person Protection and Income Protection can insure your company against the financial loss of a key employee as a result of death and illness.

Protection for Partners
If your business is a partnership without a partnership agreement and one partner dies, this could automatically dissolve the partnership. The estate of the deceased is then entitled to the value of the partner's business share. Partnership Share Protection enables remaining partners to purchase the share of the business from the deceased partner and to provide dependants with capital rather than an interest in the business.

Protection for Directors
If a director of your business dies, without a Share Protection agreement the surviving directors run the risk of the shares passing to someone with no interest in the company, or even another company that's in a position to make a takeover bid.

In this situation, most surviving directors will want to buy the deceased directors shares and keep control of the company. Only a few, however, would have the right amount of cash at the right time.

Directors Share Protection would help to ensure that funds are available to enable the purchase of the shares on death or even diagnosis of a critical illness.

Downloads

Brochure - Independent Financial Advice (168 KB)

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