Business Protection

Business protection Several options here.

Keyperson protection. Businesses may want to protect the key employees within

their firm – perhaps the key salesperson, or the IT manager - without whom the

business will not function properly. Keyperson protection can provide a fixed sum

should the individual be unable to work, or even die. The benefit will be designed

to cover the firm’s expenses in meeting any emergency costs, recruiting a

replacement employee and protecting the future of the business.

Shareholder protection. A business comprised of major shareholders will be

aware that the long-term success of the business will depend on their

contribution. The loss of a shareholding director due to death, serious illness

or permanent disablement can have a serious impact, both on the future of a

business itself and on their family. Shareholder Protection allows a business

to help protect itself against the financial loss it may suffer from losing a

major shareholder due to these events. Partnership protection is similar to Shareholder protection & can once again

provide the vital funds in the event of the death, serious illness or permanent

disablement of a partner.