Business protection safeguards your company's future, ensuring it thrives and is resilient even in the face of unforeseen challenges.
Business protection is an essential component of safeguarding the longevity and success of a company.
If you are running a business, protection against unexpected events can be provided in a number of ways:
Should anything happen to one of the business partners, partnership protection provides you with the requisite funds to to purchase their share of the business from their beneficiaries.
In the interests of financial security, business stability and continuity, particularly for private limited companies with a small number of shareholders, this cover provides a crucial financial safety net.
Protection can be provided for the business in the event of the loss or extended incapacity of a key person.
Whilst there is no legal definition of a key person, typically it is someone whose skills, knowledge or expertise cannot easily be replaced or replicated without incurring significant cost.