Business and Shareholder Protection 

Business & Key Person Protection
What happens if the key person within your business dies or suffers a serious illness? Do you have the funds in place to deal with such a situation? Would you be able to raise funds and would your bank co-operate? How would your business suffer with the loss of one of your key employees?

Business and Key Person Protection provides the necessary funds to recruit and train a suitable replacement should you lose key personnel, such as a senior director, manager, research and development staff or others with specialist skills or knowledge, whose loss could impact profits, relationships with suppliers and customers, and recruitment and training costs.

Shareholder Protection
If something happens to one of the shareholder/s, would the business have to be sold to pay the deceased’s estate? Would you have to get a bank loan to meet this payment and would the bank lend you the money? Or would the deceased’s partner look to get involved in a business that he/she knows nothing about?

Shareholder Protection provides you with the necessary funds, in the event of a shareholder’s death or serious illness, to ensure dependants of the critically ill or deceased shareholder are financially secure, prevent the sale of the shares to hostile parties or competitors, prevent wind ups to release capital, settle outstanding loans and agreements and enable the remaining shareholder/s to keep control of the business.

These are simple solutions to potentially difficult circumstances, providing your company with the necessary funding to carry on operating. We will be pleased to advise on your individual circumstances and provide the solution best suited to your needs.

Risk Warnings:

• The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse
• The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents