Executive Income Protection

Shareholder protection protects the financial interests of shareholding business owners, partners or directors against death or serious illness of another business shareholder owner, partner or director.

To help retain control of the business and the estate achieve fair value, the remaining owners need to be able to buy the business share from the deceased shareholder’s estate.

Fair value is likely to be achieved when a fixed valuation of the business is agreed at outset, making it easy to calculate the value of each director/partner’s share of the business and put in place the appropriate level of cover required to buy back the business share from the estate. This will also be exercised by using what is known as a cross option agreement, giving each party the opportunity to enforce the sale or purchase of the business shares.

YOUR ENQUIRY FOR THIS TYPE OF COVER WILL BE HANDLED BY AN ASSOCIATED THIRD PARTY.