By getting to understand your business enables us to provide recommendations that will provide financial support in the event of either death or illness of directors, shareholders and employees in your business.

Typical areas of concern that we can provide advice upon include:

• Key Person Insurance – The profitability of any business is often dependent upon one or a few key people and providing a lump sum in the event of their death or serious illness can make the difference between the failure and ongoing success of your business.
• Shareholder Protection – Should a shareholder die their shares will ordinarily be passed to the beneficiaries of their will. This scenario can present a threat to the business especially if no agreement is in place to give the remaining shareholders the option to buy the deceased shareholder’s shares with. Even if such an agreement is in place it may be difficult to raise the necessary finance to purchase the deceased shareholder’s shares. By supplying the necessary legal documents to provide the option to buy a deceased shareholder’s shares combined with appropriate insurance cover to fund the same we are able to improve the stability of a company when a shareholder dies or becomes seriously ill.
• Income Protection -In the event of long term illness we are able to recommend policies that can provide an ongoing income for an individual be that for a period of a few months, or to their intended retirement date.

Many of these policies can be arranged in a tax efficient manner with premiums being recognised as an allowable expense by HMRC.