Shareholder Protection

The death of a company's director or partner can have a severe impact on the running of your company, leaving the business vulnerable.

Shareholder Protection cover can provide a sum of money to the remaining business owners, after the death or critical illness of a partner/ director. This will help to buy the shares from the deceased partner’s/director’s/ member’s estate, thereby maintaining control of the business.

The amount of cover would be the value type of cover of the business owner’s share of the business. Usually, the business would pay the premiums on behalf of the business owner, which is a taxable benefit.