All business’ should be sufficiently protected.
Key Person. The death or serious illness of a key Director or Employee can have far-reaching or even disastrous consequences for a business. This could result in:
- loss of profits
- the recall of loans
- reduced capacity
- loss of key clients/contacts
- reduced practical know-how
Shareholder Protection. As a shareholder your focus is on working with your fellow shareholders to make your business successful.
If you were to die, would your beneficiaries share the same goals for the business? Your fellow shareholders may have to work with partners who have little or no interest in the business and your beneficiaries will own shares with no ready buyers.
Group Schemes. Furthermore, Group Life, Income Protection and Critical Illness policies are important benefits that not only form a key part of a comprehensive employee benefits package but also enable you to manage your business more effectively.
Having the correct insurances in place and making sure that they are regularly reviewed and updated as your business changes can be a particularly onerous task.
KWM can make this clear and simple for your business ensuring that you are adequately protected in any eventuality. We can devise a plan, in conjunction with a number of providers, to ensure you have the peace of mind you need.