Partnership Protection
How we can help
Our Partnership Protection Cover provides a solution to support a business where, in the event of the death, serious illness or permanent disablement, the surviving partners can purchase the available share allowing the business to continue without further disruption.
This will in turn provide the deceased partner’s beneficiaries with a willing buyer and capital instead of an interest in a business.
We can tailor Life and/or Critical Illness Covers that provide:
- Cover against the loss of a partner
- Funds to allow the partnership to continue trading
- Legal agreements that protect the business
- Tax efficiency
This cover can be written on each partner’s life for an amount that reflects the value of his or her individual interest in the business.
The cover will be written under a particular form of business trust so that any proceeds payable will be paid to the surviving partners.
