Ownership Insurance is about protecting the value you have worked hard to achieve in your business.
It allows your family to turn the value of your business into cash. And it allows for your business partners to retain control of the business and continue to trade.
It is important that the Ownership Insurance is backed by your Shareholders Agreement, or a Buy-Sell Agreement. We work with you, your Accountant and Legal advisers to make sure this is put into place, and that it works together with the insurance to provide you certainty. There are three key areas the agreement should cover:
We go through the options with you on each of these, and help you to develop an effective business exit plan.
Key Person Cover is there to protect against the loss of knowledge, skills and experience if those key people are not able to work tomorrow.VIEW service
If you or another key player weren’t there, what would the impact on your business be?
Who would own and run the business?