Business owners

Key person, stakeholder and partnership protection can provide a fixed sum should the person be unable to work.

Do you have a key employee, shareholder or partner within your firm who is an integral part of the business and its day-to-day running? Many business owners protect these key employees to provide a fixed sum should they be unable to work or even die.

The benefit amount is designed to cover your expenses for any emergency costs, recruitment of a replacement employee and to protect the future of the business.

If a shareholder were to pass away, the remaining shareholders or directors may want to purchase the deceased’s shares from their estate promptly to maintain control of the business. The same scenario also applies to partners in a firm. 

Protecting your business now may help reduce additional stress and worry should someone be unable to work at any point in the future.

Would you like to discuss how best to protect your business? Get in touch to discuss your circumstances.