Business Protection

The loss of a partner, member or shareholding director can have a big impact on the success of a business. It can destabilise the business and can quickly lead to financial difficulties. If one of your shareholders dies or is suffering from a severe illness, their shares will usually pass to their beneficiaries. To regain full control of the business, the surviving shareholders will need to buy the shares back but they might not have the available capital to do this.

Shareholder / Partnership Protection provides a sum of money to the remaining business owners to help purchase the deceased or critically ill member’s interest in the business. It helps the remaining owners to cover the cost and the business in control.