Norwich: 01603 760866
Ipswich: 01473 255948
FAQ's
What is Business Protection?
We refer to business protection as Shareholder and Key Person protection. These arrangements are designed to protect the shareholders’ equity value.
We refer to business protection as Shareholder and Key Person protection. These arrangements are designed to protect the shareholders’ equity value.
Am I required to have Shareholder Protection?
No, however you are required to have a shareholder agreement. This agreement will outline what would happen to your shares should you pass away. Shareholder protection will help ensure you have the capital available to buy the shares if required.
No, however you are required to have a shareholder agreement. This agreement will outline what would happen to your shares should you pass away. Shareholder protection will help ensure you have the capital available to buy the shares if required.
Who is deemed a Key Person?
It is up to the business to decide. This could range from a Salesperson to a CEO. However the insurer will make to sure the sum assured is appropriate to their contribution/worth to the company.
It is up to the business to decide. This could range from a Salesperson to a CEO. However the insurer will make to sure the sum assured is appropriate to their contribution/worth to the company.
Business Protection Services in Norwich & Ipswich
In an uncertain world it’s important to protect what you’ve created or what you are responsible for.
The death of a shareholder or business owner is likely to cause serious disruption and problems for both the business and the family of the owner concerned.
Likewise, the loss of a key person can often result in a fall in profits for a company. This could be due to sales/revenue falling or due to the costs of replacing such an individual. You may find business relationships with clients or suppliers also suffer.
We can provide solutions to protect your business from both scenarios, using simple protection policies and other legal mechanisms. Please note, we're unable to give legal advice and you may need to seek the services of a solicitor on some arrangements.
Contact Our Business Protection Team
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