Protection

What would happen if a key person or major shareholder in your company died ?

Life Assurance is seen by most people as an essential part of personal protection planning.

For a business however, there can be major implications of a death or critical illness of a key director or shareholder. An untimely death or illness could severely damage the company’s fortunes, staff morale and customer confidence. The death of a shareholder in particular can impact a business signficantly as shares may pass to the deceased’s family. Worse still, they could be sold to a third party with no interest or shared vision for the company. What businesses need to do is to ensure control is maintained and shares are retained within the business.

Sensible protection planning for business can find a solution should the unthinkable occur and our expert advisors will guide you through the options available and how to comply with applicable legislation.

 

Key considerations

  • Expert advice on legislation
  • Access to business protection schemes
  • Initial cover assessment
  • Ongoing cover review
  • Plain English explanation