Losing a key member of your workforce could be a knockout blow on your business
Every business owner knows that it is their employees that make the business work. If you were to lose a critical member of your team, how well would your company cope? Unfortunately many business owners do not consider such risks or the potential consequences until it is too late. We work closely with a large variety of businesses and put in place insurance to protect such key personnel. This can help to balance the loss in profits that can result from the death or illness of a key member of staff, along with the cost of training a replacement.
Another protection requirement for many businesses is to ensure that shares are not passed to a deceased shareholder's family but instead remain with the company. Share protection insurance can make sure there are funds available at the right time, helping to guarantee the continuing success of your business.