The loss of a business owner may destabilise the business and can quickly lead to financial difficulties. Partner/Director/LLP Share Protection means if the worst does happen, the remaining partners/directors/members could stay in control of the business.
How does shareholder protection work?
In the event of a business owner dying or becoming terminally or critically* ill, Partner/Director/LLP Share Protection can provide a sum of money to the remaining business owners. This means that in the event of a valid claim the policy could pay out an amount sufficient to help purchase the deceased or critically* ill partners/directors/members interest in the business.
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