All businesses are exposed to risks in their day-to-day operations. Without business insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.

Share Protection

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Share protection through life assurance

Directors' or partners' share agreements may provide for the remaining directors to purchase the shares of other shareholding directors, should they die. However, there is a risk that the remaining directors may not have sufficient funds to hand when a fellow director passes away unexpectedly.

One solution to this is to take out life cover as a source of funding.

To arrange such cover requires the understanding and agreement of all concerned. It will also require some careful calculations to determine how much cover is required. However, it will be a comfort to all directors or partners of a business to know that their own or a colleague's death will leave the other directors with sufficient support to carry out the terms of their shareholders' agreement.

This type of policy can also include critical illness for protection in the event that a director or partner is forced to leave due to serious illness.

Warning Text

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THE PLAN WILL HAVE NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

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Testimonials

When I retired and needed advice on how to get an income from my savings Graham was able to recommend a suitable product to get the income I needed to top up my pension and he visits me regularly to keep me informed on how my investment is doing.

Mrs Logan, Oban.

After our recent house move Graham was able to arrange our new home insurance as well as arranging a life policy round the new mortgage. As he comes to us when it suits me the whole process was no hassle at all.

Mr Watson, Tarbert.

In the six years that Mr McKay has handled my financial affairs, he has been very professional and has a clear understanding of my needs. I would not hesitate to recommend A+ to anyone that needs expert advice on any financial matter.

Mr Lindsay, Strathaven.

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