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Business Assurance

Financial protection principles apply to business as well as individuals.  This is especially true for small businesses where the proprietor’s wealth is tied up in the business and its continued success is dependent on their skills and application.  It is even more true for businesses with very few resources and reserves.

Shareholder Protection:

Share Protection cover provides funds to buy company shares. It is intended for private limited companies where there may be only a small number of principal shareholders. This is usually done in conjunction with a shareholders agreement to give the remaining shareholders the first option to buy these shares. Shareholder Protection allows for sufficient funds to be available in the event of the death or serious illness of a shareholder. This ensures that the company can continue to operate unhindered while the shareholder or their family receive fair compensation.

Partnership Protection:

The overall aim is the same for shareholder protection, although an important consideration is to ensure that the partnership has an appropriate partnership agreement, which ensures that the surviving partners are able to purchase the deceased partner's share of the business.

Key Person Protection:

Key Person insurance is taken out by a business to cover the financial consequences of the death, serious illness or prolonged disability of its key personnel.  This can help safeguard the business against the loss of profits and provide a breathing space during which time the company can be restructured or a suitable replacement found.

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Pavilion 3
Finnieston Business Park
4 Minerva Way
Glasgow G3 8AU
TEL: 0141 353 2124

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Stirling FK8 2NN
TEL: 01786 479794
FAX: 01786 479365

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Suites 4 & 6, Inver House
9 Ardgowan Square
Greenock PA16 8ET
TEL: 01475 710 968
FAX: 08715 282 968