information

We use cookies to give you the best possible experience online. By continuing to use our website, you agree to receiving our cookies on your web browser. Visit our cookie policy page to find out more and how to change your cookie settings.

skip to main content

Why Share Protection and Partnership Protection are important

Watch the video to find out how you can protect the future of your business

Protecting business owners should be an essential part of any business plan. You probably already protect many of the important things that keep the business running smoothly, like property, fleets and stock. So it makes sense to insure your most valuable assets: your business owners.

This short video helps explain why this type of insurance is important and how you can protect the future of your business.

To find out more about Share Protection and Partnership Protection, please speak to your financial adviser.

Transcript

What would happen to your business if one of the owners suddenly died or suffered a serious illness?

Could you afford to buy their share?

If not, the affected owners family might sell their shares to a competitor or someone else completely unsuitable.

This can be disastrous for the long term survival of the business you've worked hard to build.

Business owners are usually the life-blood of the firm, with staff relying on their experience and knowledge.

Their sudden loss can heavily impact morale, leaving staff worried about the future of the business and their jobs.

Shareholder and Partnership Protection is a type of insurance that gives surviving business owners the money needed to buy the affected shares.

It can help ensure you keep control of the business and give staff confidence that their jobs are safe.

The money also ensures that the deceased owner's family are looked after and receive full market value in exchange for their inherited share of the business.

You probably already protect many of the important things that keep the business running smoothly, like property, fleets and stock.

So it makes sense to insure your most valuable assets, your business owners.

For help with setting up Share or Partnership Protection, please speak to your financial adviser.

LV=, County Gates, Bournemouth, BH1 2NF, UK