Safeguard your business if something should happen to you.
This cover ensures control of your business remains with the surviving owners, rather than passing to someone who’s unwilling or unable to contribute to the running of the business. The shareholder’s beneficiaries are still provided for and the shares are prevented from being sold off to a competitor.
We can provide advice to complement your insurance policy, such as the establishment of a cross/double option agreement. This gives the surviving owners the option to purchase the shareholder’s interest in the business, and the personal representatives of the shareholder the option to sell to the existing owners.
After advising on an appropriate level of cover for your needs, we’ll make sure that your policy is written in the most tax efficient manner possible. We can also advise on whether the policy should be written in trust.