Share Protection.

Shareholder Protection

If a shareholder in your private limited company, member of your Limited Liability Partnership (LLP) or partner in your partnership were to die could you afford to purchase their share of the business? If not there could be significant implications for the future of your business. Share protection can help you protect the ownership of your business in this situation.

  • What is Share Protection?
    Share Protection allows the remaining partners, shareholding directors or members to remain in control of the business following the death of a business owner.
  • How does Share Protection work?
    In the event of a business owner dying or being diagnosed with a terminal or specified critical illness*, share protection can provide a lump sum to the remaining business owners. This means that in the event of a valid claim being made during the length of the policy, the lump sum could be used to help purchase the deceased partners/shareholding directors/members interest in the business.

*If Critical Illness Cover is chosen as an additional option for an extra cost.

Why consider Share Protection?
If a business owner dies with no share protection in place his or her share in the business may be passed to their family. This means that the surviving business owners could lose control of a proportion or, in some circumstances, all of the business. The family may choose to become involved in the ongoing running of the business or could even sell their share to a competitor. A share protection policy can help avoid these issues.

37% of businesses don’t have share protection cover in place, according to our latest survey.

Read our Share Protection case study and see how it could help your business.

Call us on
0800 197 9208

 

9am to 5pm Monday to Friday
We may record and monitor calls.

Or email us at businessprotection@landg.com