We understand that often the people within your business are its most important asset.
Shareholders protection provides the surviving shareholders in a business with a lump sum to buy back the shares should another shareholder pass away.
Typically the shares would be left to a beneficiary, however in the event of the beneficiary not being able to aid in the running of the company, the funds would need to be sourced to buy the shares back. Such funds are rarely readily available and so shareholders protection provides an efficient and cost effective solution.
This also provides both the shareholders family with the peace of mind that they will not be required to work within a business they may not understand and the existing shareholders with the security that they will not have to raise personal borrowings to secure their business.
In all circumstances cover will be tailored to your businesses needs and it is essential that you appoint a broker that has the experience and ability to understand the variety of risks that you and your business can face.
Whilst the extent of cover must always remain paramount we understand that cost is an important factor in any decision making process, whilst at the same time providing a personal service to each client, understanding that one size does not fit all.
Shareholders protection should be regularly reviewed as the value of your business can fluctuate, if you would like to review your existing protection or do not currently have cover in place, please contact us for more information.