In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.
Good Health, Good Business
If your business partner or a shareholder died or became critically ill, have you ever thought what the impact could be? The loss of a business partner or a shareholder can have a major impact on the success of any business.
Our business solutions can help give your business reassurance
No one can predict what will happen in the future, but you can make sure you have the right protection in place to keep your business successful should the worst happen. With so many insurance providers on the market, finding the right cover for your business can be daunting. To discuss your options, please contact us for more information on 01494 451441 or download our Guide to Shareholder and Partnership Protection