- Any business which relies on key people to operate.
- Any business with more than one director or shareholder.
- Any business which could see the introduction of a hostile or disinterested shareholder following the death of a share-holder.
Business protection is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual, during the length of the policy. It also pays out if you are terminally ill and meet our definition. It can help ensure that your business survives and continues trading during difficult circumstances.
What’s more, if one of these key people is a shareholder, the remaining shareholders could be forced to buy-out their share, an event that could have serious financial and operational consequences.
With Business Protection in place, your business will be able to withstand the financial and operational consequences that the loss of a shareholder or key staff member could entail.
Cleere Life & Pensions can help and advise you on establishing a robust and comprehensive Business Protection plan which will ensure that your business is no longer vulnerable to the death or serious illness of a key shareholder or staff member and to protect the future of your business.What businesses need Business Protection?
I imagine that most people with savings for the rainy day, want their savings to give reasonable returns and be managed by honest agents. By a series of coincidences, I came in contact with Cleere Life and Pensions. I am very glad I did so.
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