Share & Partnership Protection
Protects a business and its shareholders families in the event of a death of a shareholder or partner.
What is our Share and Partnership Protection?
Share Protection and Partnership Protection are types of insurance that protect the remaining owners of a business in the event that one of them dies, becomes critically ill or becomes disabled.
There are a few key differences between Share Protection and Partnership Protection. For one, share protection typically only covers the shares of the company that are owned by the policyholder. Partnership protection, on the other hand, covers all partners in the business. Additionally, share protection typically only pays out if the policyholder dies or is permanently disabled, while partnership protection will also pay out in the event that a partner leaves the business. Finally, share protection typically has lower premiums than partnership protection.
Our team of qualified financial advisors are able to recommend whether Share Protection or Partnership Protection would be best for you.
How does our Share Protection and Partnership Protection help?
Losing an owner can have a huge impact on a business. Not only do employees have to deal with the emotional distress caused by their passing, but there can be repercussions financially, and uncertainty over leadership. Banks and investors can suddenly withdraw funding, and there can be difficulties in adjusting to new business owners.
Share Protection and Partnership Protection can help overcome many of the struggles that come about when a business owner can no longer take an active role in the running of a company. Share Protection can help purchase the deceased shareholding director’s interest in the business, meaning the deceased’s beneficiaries will have a willing buyer. It also helps the remaining shareholders maintain control over the company.
Partnership Protection ensures that funds are available to allow the remaining partner(s) in a business to buy a partner’s shareholding. This in turn gives each partner the security of knowing that their beneficiaries or personal representatives will have a ready and willing buyer instead of having to maintain an interest in the business. Again, it provides the financial means for the remaining partners to keep control of the company.
Share Protection and Partnership Protection can give you peace of mind knowing that your business is protected.
faqs
How can we help?
We want you to have the simplest, easiest experience possible when choosing the right employee benefits. But we know you might have a few questions. Read on for more information here. If you still have questions, talk to us.
Why choose Share and Partnership Protection?
How does Share and Partnership Protection work?
What is partnership protection insurance?
What is Shareholder Protection Insurance?
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