Shareholder Protection
How we can help
Our Shareholder Protection Cover provides a solution to support a business where, in the event of death, serious illness or permanent disablement, the surviving shareholders can purchase the available shareholdings allowing the business to continue without further disruption.
It is important to ensure sufficient funds are available to allow this purchase to take place. To do this each shareholding director will take out a policy on their own life for an amount that reflects the value of their individual holdings.
We can tailor Life and/or Critical Illness Covers that provide:
- Cover against the loss of a major shareholder
- Funds to purchase shares from a deceased shareholder’s estate
- Legal agreements that protect the business
- Tax efficiency
This cover will be written under a particular form of business trust so that any proceeds payable will be paid to the surviving shareholders.
