Most people running a businesses understand the need to protect their premises, and, their contents and vehicles, however, many fail to consider how heavily they depend on ‘key people’ within the business. The fact is, faced with the sudden loss of a ‘key person’ many businesses could suffer serious financial loss, or, have to cease trading altogether.
Business Protection Planning is designed to safeguard businesses against the effects of losing ‘key people’ through death or critical illness.
If your business is a Limited Company, what would happen to the business if a shareholder dies, and, how would the deceased’s shareholding be treated?
Similarly, if your business is a Partnership, what would be the impact in the event of death or critical illness of one of the Partners?
Whether a Limited Company or a Partnership, we will help you find the right kind of business protection cover, to suit your needs.