There are many scenarios we don't like to think about. Death and serious illness are often high on the list.
For example, if you were to become seriously ill, or to die, how would your family cope not only emotionally, but financially? Whilst the emotional pressures cannot be taken away, knowing that financial problems are not likely to arise would be a comfort. For that reason personal protection advice should be sought, to ensure your family are taken care of.
Just as important is the effect of a death on your business. If a partner / shareholder was to die, how would any value they owned be passed to his / her estate? If the business could not afford to transfer adequate value to the beneficiaries, what would be the impact be of their family members taking a large, perhaps controlling stake, in your business?
Also, what if you lost a key member of staff, perhaps your best salesman, or the brains behind your organisation? What would the financial implications be?
All of these risks can be insured by using Director and Shareholder Protection.
To understand how we can support you click here or call Lisa Conmy on 0800 840 4929.
