SHAREHOLDER PROTECTION

To ensure financial security, business stability and business continuity – particularly for private limited companies in which there may only be a small number of principal shareholders – it is essential to provide a ‘safety net’ in the event of the death or critical illness of a senior shareholder.

Life Insurance

To guard against the death of a shareholding director, life Insurance policies can provide funds that enable the remaining directors or partners to purchase the deceased director’s or partner’s shares.

Life insurance should be arranged under an appropriate trust from inception, and in conjunction with an appropriate partnership agreement.

Critical Illness Insurance

Critical illness polices can be used to protect the business in the event of a partner being diagnosed with a critical illness. They provide a lump sum that can be used to ensure continuity within the business.

We can help you to evaluate your needs and make appropriate provisions.