For example, if a business partner were to die, it’s likely that their shares would be left to their spouse or another surviving family member, potentially giving that person a controlling share of the business. This could mean that the surviving business partners and shareholders have to raise the funds to buy that person out of the business, which could be exceptionally difficult and put the financial security of the company at risk.
A Directors Share Protection Policy is designed to provide cover for shareholders and business partners so that, in the event that one of them dies, the policy will make sure that funds are available to purchase the share of the company which has been left to the deceased directors spouse or family.
To find out more about how Directors Share Protection and how simple it is to put in place, why not contact us for an informal chat today.
Monica Bradley Associates Limited is an appointed representative of Mortgage Advice Bureau Limited
and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
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