Shareholder protection insurance
Ensuring business continuity following the loss of a shareholderHelping you ensure the continuity of your business should the worst happen
Shareholders are of course vital to the future of your business, and losing one suddenly through either death or serious illness is a huge blow. As well as the personal impact, the control of their business shares usually passes to their beneficiaries, and your other business owners may not have the money available to buy the control of those shares back.
At NFP, we can source a shareholder protection insurance policy that provides a lump sum to help you buy back these shares, regain control, and safeguard the continuity of your business.
Losing a shareholder can be destabilising for a growing business
A shareholder passing away or suffering a serious illness can be very damaging for a myriad of reasons. It’s of course upsetting on a personal level, but after the initial shock has set in and questions like “will the business be ok?” start getting asked, it helps to have peace of mind knowing you have planned to have a positive, reassuring answer to give.
Without shareholder protection insurance, you risk:
- Losing control of a considerable proportion, or maybe even all, of your business
- The control of the newly vacant shares being bought by a competitor
- Working with a beneficiary who doesn’t have the experience and/or whose priorities don’t align with yours
- Your business operations and growth being seriously impacted
Shareholder protection insurance can help you weather the storm
As your shareholder protection insurance partner, our commitment to you is to make sure you’re equipped to navigate unexpected challenges that may otherwise spell disaster for your business and its future. Our team will take the time to understand your full situation and needs, allowing them to source cover that is truly tailored to your business, your people, and your unique requirements.
Covering your shareholders helps you:
- Retain control of the growth and direction of your business
- Keep power in the hands of those that understand the business and its needs
- Ensure the unexpected doesn’t threaten your business’ future
- Maintain stability and ‘business as usual’ during a very difficult period
What can you expect?
There’s a lot to think about when developing and implementing a bespoke shareholder protection insurance plan. Our support puts you and your goals at the heart, giving you a personal service that makes protecting your company and its growth hassle-free.
Understand
We’ll sit down with you to get to know more about your business, your aspirations, and your long-term goals. This allows us to fully understand your situation and what you’d like to achieve with our support.
Design
After discussing your situation and needs, our team will ensure your cover tailored to your unique requirements and is designed to fully safeguarding the future of your business from the loss of key personnel.
Manage
We’ll then use our market standing and relationships with top insurers to source and the right cover at the right price. We can also take on the managing of all claims you may need to make from start to finish.
Review
Our specialist team will have full, long-term oversight of your cover, and will ensure that, as your needs evolve, your cover follows. They will also be here to discuss any questions you may have about your cover.
Request a quote from our key person insurance specialists
To discuss how we can help you protect your business from the unexpected, fill in the form below and one of our team will be in touch.