Shareholder and partnership protection is a type of insurance policy that ensures the financial security of your business should a director, shareholder or partner of the business die or is unable to return to work due to life-threatening illness.
When a shareholder dies, their share of the business usually passes to the beneficiaries of their will. In the vast majority of cases, this is not a satisfactory situation, neither for the beneficiaries, nor the remaining shareholders. The answer is often for the shareholders to buy the shares from the beneficiaries. Shareholder protection provides the funds to facilitate this purchase.
Having the necessary protection in place can help you to keep your business moving. Our team can help you to put an agreement in place which specifies what will happen in the event of the unexpected.