Shareholder/Partnership Protection and Key Man Assurance
The death or serious illness of a Shareholder, Partner or Key Person can have an enormous (sometimes terminal) impact on a business. We can offer in depth advice including the provision of suitable agreements and protection arrangements in order to secure the long term future of your business.
Limited Companies
Death or serious illness can leave shares, dividend income and potentially control of a company in the wrong place at the wrong time. The entire future of a business and/or a potential sale or exit may be threatened. It may also be impossible to attract new Shareholders or other investors.
Partnerships
Similar principles apply to partnerships with the added threat of forced Partnership dissolution initiated by a deceased Partner's wife or family and/or by a Partner in ill health.
How do you fund for replacement staff if you are still paying out Partnership profits to a Partner who is unable to work ~ or indeed to a deceased Partner's wife who has no interest or involvement in the Partnership?
Key Man Assurance
Insuring Key People is as important, if not more important, than insuring the physical assets of your business. Death or serious illness of a Key Person can be catastrophic. That person will need to be replaced but in the meantime sales, production and indeed the general running of the business will suffer.
