Business Protection Information
Business protection is all about insuring for the unexpected. It’s a way of protecting your business if something goes wrong.
For many business owners, running a company is a time consuming and complex affair. Attention is rarely paid to the Business Protection needed and what might happen if a Shareholder, Partner or Key Person dies, or becomes seriously ill.
WPP Financial Services, Rochester, Medway, Kent, could help with this.
Business Protection Information
Shareholder Protection
In the interests of financial security, business stability, and continuity – particularly for private limited companies where there may only be a small number of principal shareholders – it is important to provide a safety net following the loss of a shareholder. Shareholder Protection may be an important Business Protection Product to protect the future of your business.For many business owners, running a company is a time consuming and complex affair. Attention is rarely paid to what might happen if a shareholder dies, or becomes seriously ill.
Key Person Insurance
Key person insurance is an important form of business protection. There is no legal definition for ‘key person insurance’. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.
Partnership Protection
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner’s interest in the business.
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Innovation Centre Medway
Maidstone Road
Chatham
ME5 9FD