Have you considered what happens to your business in the event of the death or long term sickness of one or your fellow Directors, or one of the key employees? What would happen in that situation to the business itself and all of the key stakeholders involved?
Speak to your experts today to protect yourself and the business.
If a shareholder dies does your company have the funds to buy back the shares of the deceased? Shareholder protection gives the company the option to buy the shares back if arranged correctly and the capital to back it up instead of the company having to use it’s own funds giving the company stability at a time of uncertainty.
Would your business survive if a key member of staff suddenly passed away? It’s probably not something you want to think about. But a sudden death or long-term absence could have a huge impact on your company’s success. You need to prepare for the worst-case scenario – and the best way to do that is to invest in a keyman insurance policy.
Relevant life cover allows companies to offer a death-in-service benefit to their directors and employees. It's a tax-efficient life insurance policy, set up by the employer and pays out a tax-free lump sum on the death (or diagnosis of a terminal illness) of the person insured.