If a shareholding partner or director of a business dies or becomes critically ill, it can have a profound effect on the business.
This can often mean a widow or child of the deceased who may be unqualified and inexperienced in the business inherits the rights to their shareholding. Unless the remaining shareholders can purchase the shares (should they raise the funds), this can shatter the businesses.
Shareholder protection is a legal agreement where shareholders agree to sell their shares on their premature death or critical illness, the shareholder protection insurance policy thus provides a sum of money to the surviving shareholders to purchase the deceased's shares equally.
Business loan protection insures the outstanding business loan is protected against the death or critical illness of the directors of the company taking out the loan. We can search the Whole of the Market to ensure that you get the most competitive policy.
Contact us today for a no-obligation chat to find out how we can help protect you and your business.