What Is Business Protection and Business Succession Planning Insurance

Influence, ideas, decisions, contacts, and ultimately profit are driven by a relatively small number of people within a business.

 Key Person Protection

An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of a member of the business specified on the policy (The Key Person, Company Directors, or Partnership Shareholders in a partnership). The aim is to compensate the business for business financial losses and facilitate business continuity.

Loan Protection

Insurance for anyone involved in guaranteeing business loans or banking facilities (The Company Directors or Partnership Shareholders). The value of insurance coverage is arranged to equal the value of the guarantee.

Private Limited Companies and Partnership Shareholder “Buy / Sell” Agreements

A buy-sell agreement, also known as a buyout agreement. This is a binding agreement between co-owners of a business (The Company Directors or Partnership Shareholders) that governs what happens if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business. It may be thought of as a sort of premarital agreement between business partners / shareholders.

Relevant Life Cover – Director / Shareholder “Death In Service” Benefits

Where the policy pays a designated beneficiary, for example the deceased family, a sum of money upon the death of the insured person (The Key Person and / or the Company Directors or Partnership Shareholders).

My Work – Holistic Corporate Wealth Management

My work as a “Holistic Corporate Wealth Manager” involves creating, managing, preserving and protecting a company’s wealth so that the officers of the company can build and preserve their “Capital” – a strong “Balance Sheet”.

Get you FREE Guide by following this link

Business Protection



Pin It on Pinterest

Share This

Please Share This

Please share this post with your friends - Thank You!