Ensure the financial stability of your business in the event of a key shareholder, director or employee's death or serious illness.
Business Protection Solutions
Cover someone whose absence would be financially detrimental to your business. This may include life assurance, critical illness or income protection cover. Tax relief may be available on premiums in certain circumstances.
If a shareholder or director dies, what happens to their shares? A policy in trust can ensure the business can purchase the shares from the deceased's estate, with proceeds paid tax free. This protects both the business and the shareholder's family.
If you've made a loan to your company, on your death the loan becomes repayable to your estate. Life assurance can cover this cost, ensuring your family receives the loan repayment and the business continues without financial burden.
Individual plans for employees, directors or salaried partners. Paid by the employer, fully deductible against corporation tax, and not treated as a benefit in kind for the individual. Ideal for protecting key personnel and providing death benefits to families.
Why Business Protection Matters
- Business Continuity — Ensures your business can continue operating if a key person is lost
- Financial Security — Provides funds to cover losses and maintain operations
- Succession Planning — Enables orderly business succession without financial crisis
- Shareholder Harmony — Protects remaining shareholders from being forced into unplanned situations
- Employee Protection — Demonstrates care for employees and their families
- Tax Efficiency — Some structures offer tax benefits for the business