What Is Partner/Director/Llp Share Protection?
The loss of a business owner may destabilise the business and can quickly lead to financial difficulties. Partner/Director/LLP Share Protection means if the worst does happen, the remaining partners/directors/members could stay in control of the business.
How Does It Work?
In the event of a business owner dying or becoming terminally or critically* ill during policy term, Partner/Director/LLP Share Protection can provide a sum of money to the remaining business owners. This means that in the event of a valid claim the policy could pay out an amount sufficient to help purchase the deceased or critically* ill partners/directors/members interest in the business.
Use our business valuation calculator which can help highlight to your clients about the value of a business and assist you with establishing the required sums assured for shareholders or partners.
* If critical illness cover is chosen as an additional option for an extra cost.