Director's/partner's share protection

Business partners and directors can suffer problems if a fellow partner or director becomes incapacitated or dies, usually leaving his/her share of the business to his/her spouse or civil partner. This means that the spouse of civil partner may inherit part of a business that they have no interest in and which often has no cash value. By taking out a policy for the director or partner, this can be prevented by enabling the remaining business associated to raise the money to buy the shares from the spouse or civil partner.If you would like to know more about key person protection please contact us here.