Shareholder Protection Insurance
Trying to find the right Shareholder Protection for your company? Our Advisers are on hand to help you through the process.
Why do I need Shareholder Protection?
A plan for protecting shareholders can offer essential support for your business in the event of losing a shareholder due to serious illness, injury, or death. Although it is an uncomfortable topic to consider, it is crucial to plan ahead.
This article provides a guide to understanding how a shareholder protection agreement operates, how to establish one, and where to obtain professional guidance about these policies.
The main reason to purchase shareholder protection insurance is that it can provide essential support for your business during a challenging time. The loss of a fellow shareholder due to death or illness can create uncertainty for a company, particularly if it happens unexpectedly.
Not sure how Shareholder Protection works? Find the answers to all your questions below.
It is a type of business protection insurance that ensures shareholders have sufficient funds to buy shares from each other if a shareholder dies or is unable to work due to a serious illness or accident. Most policies are based on life insurance, although critical illness cover may also be included
It is a type of business protection insurance that ensures shareholders have sufficient funds to buy shares from each other if a shareholder dies or is unable to work due to a serious illness or accident. Most policies are based on life insurance, although critical illness cover may also be included
Shareholder protection policies pay out a lump sum when the insured person dies, is diagnosed with a terminal illness and given 12 months to live, or contracts a critical illness or injury covered by the policy and is forced to leave work.
Businesses that purchase a shareholder protection insurance policy in the UK typically need to agree to the following rules and regulations:
Here are some of the primary reasons why you should consider purchasing a policy:
One of our FCA regulated expert consultants close to you will get in touch within 24 hours.
Protect365 Limited is registered in England and Wales Company Registration Number: 11308752. Protect365 Limited is an appointed representative of Primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.