We can advise on many aspects of business protection, ensuring your company is protected in the event of a key shareholder, director or employee’s death/serious illness.
Business protection is an important consideration, providing an effective solution to a potentially difficult set of circumstances. When considering whether business protection is right for your corporate needs, ask yourself the following questions:
How would the loss of a key person, due to illness, accident or death, affect your business in terms of loss of expertise, their contacts, your profits and possible pressure from the bank? If a shareholder or partner in the company dies, would control of the company remain in the correct hands?
If a fellow shareholder dies, who would hold the shares of the company and how could you ensure you had the funds to purchase such shares at the right time?
Are all of your business loans adequately covered for all circumstances?
Did you know that corporate tax relief may be available on premiums paid for a ‘key person’ policy?
We can advise on Business and Key Person protection, ensuring you have the necessary funds to recruit and retrain a replacement, or replace lost profit, should you lose a key member of your team. We can also advise on Shareholder and Partnership Protection, which can be put in place to prevent business wind up or the sale of shares to other parties, settle outstanding loans and allow the remaining Partners or Directors to keep control of the business.
We will be pleased to advise on the business protection best suited to your needs. Please contact our Financial Services department for further information on 01473 408422.
Contact Woodward Markwell
Please call us on 01473 408422 or click above to email and we will respond to your enquiry as soon as possible.