This is an under serviced sub-section of the insurance market, but can provide valuable cover for business owners, shareholders and key employees.
Key areas are: -
- Shareholder cover – to allow co-owners to buy the shares of another in the event of death or critical illness
- Loan protection – as with the case of a personal mortgage, to allow the loan to be repaid in the event of death or critical illness
- Key person protection – what happens if the person responsible for a large proportion of your business turnover is ill or dies?
This is an extremely complicated area where advice is essential. We are an experienced team of advisors and would be delighted to help.