Free business tool
Business protection gap check
If a shareholder or key person died or became seriously ill, would the business, the other owners and their families be protected? Check the cover your company may need.
Three parts of business protection
- Shareholder protection - funds the purchase of a deceased or seriously ill owner's shares
- Key person cover - replaces lost profit and pays to recruit a replacement
- Loan protection - repays business borrowing and frees directors from personal guarantees
Important information
Cover is subject to underwriting and the terms of the policy.
The Financial Conduct Authority does not regulate tax, trust or estate planning advice. Tax treatment depends on individual circumstances and may change in the future.
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Business insurance & protection
Relevant life, key person and director share purchase cover to protect your people and your company.
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Director share purchase (shareholder protection)
Make sure the remaining owners can buy a deceased director's shares, and their family receives a fair value.
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Key man (key person) insurance
Protect company profits and cash flow if a vital person dies or is seriously ill.
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Q&A
Questions & answers
How is the value of a shareholding worked out?
Usually by agreement with your accountant, often using a multiple of profits or net assets. Review it regularly so cover keeps pace with the business.
Who owns a shareholder protection policy?
Either each shareholder, with the policy in a business trust for the others, or the company itself for a share buy-back.
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