Business Financial Protection
What would happen to your business if you died? Is there enough cash in the business to keep it running for an orderly sale? How would your family or other stakeholders be protected?
Many business owners feel as attached to their businesses as they do to their families – and often the two are combined through family ownership.
All too often the most valuable of your assets has no protection in place. We can create schemes that protect you, your family and other shareholders. In the event of a shareholder death how can you make sure your family benefit from the value of the business, and make sure the shareholding and future control of your business falls in the right hands? Will you want your wife or children to run your business? Will your co-shareholders want this?
In the event of your death, an insurance policy will pay out, and the proceeds will be used by other shareholders to pay your family and ensure your co-shareholders have control of the business going forwards.
We are more than happy to work with your accountant or legal representative to make sure our plans meet your requirements.
For a FREE initial consultation on business protection, simply call us on 01268 749880 or click here.
As well as protecting the shareholders what if you were off work long term through illness? What would happen to your business if key staff died? How can you help attract staff with protection and benefits packages? Some ideas are detailed below.
Life Insurance for Employers
We can provide very cost effective 'Group Life' schemes that are much cheaper than you expect by buying cover in 'bulk' for a large number of employees. For more important staff the employer can affect very tax efficient large sums of life cover using the 'Relevant Life' rules. These policies carry no Benefit in Kind tax charge for individuals, are eligible for corporation tax relief and pay out sums up to 15 times earnings free of Inheritance Tax.
If this is of interest please call 01268 749880 or click here
Does your business rely on one or more key employees? The ones who you know your business would suffer in the unfortunate event of their death? You should reflect this in a package that protects their family and by providing for the business by effecting Keyman cover. The proceeds of these policies represent the financial loss of profit to your business, and give you time to restructure or hire and train replacement staff. If this is of interest please call 01268 749880 or click here.
If you or your staff were off work long term due to sickness or accident, how would you or their families cope. You can of course, as an employer, continue to pay salaries - but you can protect yourself, the business and your employees with Income Protection Insurance. For a full consultation call 01268 749880 or click here.