Shareholder protection insurance provides a lump-sum payment in the event of a shareholder becoming critically ill or passing away. This capital would help your company purchase the deceased or critically ill person’s share of the business and avoid potential disruption to the services you offer.
The lump-sum cover protects business debts, shareholder values and business values.
If the key person in the business is unable to work over a long time, the lump sum funds will help the business survive creditors, bank loan repayments, share values and business values.
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