At SN Financial, we understand that a thriving business relies on more than just bricks and mortar. Your team – from dedicated employees to key owners – are the true drivers of success.
That’s why business protection shouldn’t be an afterthought. Just like you safeguard your property and equipment, protecting your people ensures your business can weather unexpected challenges.
For many businesses, the drive and expertise of their shareholders are the lifeblood of the company. They contribute not only capital but also strategic vision, industry knowledge, and crucial relationships. However, what happens if a shareholder is unexpectedly no longer able to contribute due to death, critical illness, or permanent disability? This is where shareholder protection comes in.
Shareholder protection is a type of insurance policy specifically designed to safeguard a small business from the financial and operational challenges that can arise when a shareholder exits the company unexpectedly.
Here’s how it benefits your business
Financial Stability
Maintaining control and financial stability is critical for any business, especially when facing unexpected events. Share and Partnership Protection helps safeguard your company’s future in the event of a shareholder’s death or critical illness.
Here’s how it works:
Benefits:
Key Points:
We can help to explore your options and ensure a secure future for your business and your partners.
What is it?
Key Person Insurance safeguards your business from the financial blow of losing a critical employee – someone whose skills and contributions directly impact your profits. This could be an owner, director, top salesperson, or a specialist with unique expertise.
How does it work?
The policy pays out a lump sum if the insured key person dies or suffers a critical illness (depending on the policy type).
Benefits:
Invest in your business’s future with Key Person Insurance.
The policy is arranged and paid for by the employer (the policy owner) on the life of the employee (person insured). If the employee (person insured) becomes ill or injured and unable to work, the monthly benefit under a claim is paid to the employer (policy owner) who passes onto the employee via PAYE to fund ongoing sick pay. The employer can also cover other costs (for example their employer’s National Insurance and pension scheme contributions).
Key points
This is a tax-efficient life insurance policy, allowing companies to offer death in service benefits to their staff.
Ready to explore your business protection options?
While Share & Partnership Protection offers significant benefits, SN Financial’s experienced advisers can also guide you through alternative solutions like Relevant Life Cover, Income Protection & Whole Life Insurance.
During a free consultation, we’ll discuss
By understanding your unique situation, we can recommend the most suitable protection strategy, whether it’s Share & Partnership Protection, Relevant Life Cover, or a combination of both.
Schedule your free consultation today and ensure a secure future for your business and your key personnel.
Fill in the form below and our trusted advisers will be in touch to provide expert advice.
Based in Droitwich Spa, we’ve proudly supported clients of all ages since 2004. The opening of our second office in Sevenoaks allowed us to extend our bespoke financial services even further, making SN Financial a trusted financial adviser for individuals, couples, families and businesses across Worcestershire, Kent and the rest of the UK.
5 Saltway, Droitwich, Worcestershire, WR9 8LB 01905 779697
46 Holly Bush Lane, Sevenoaks, Kent, TN13 3TL 01732 926255
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If you have any questions or need help, feel free get in touch with our team.
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Registered in England No. 04906363. Registered Office: 5 Saltway, Droitwich Spa, Worcestershire. WR9 8LB. SN Financial Services Ltd is Authorised and Regulated by the Financial Conduct Authority – FCA number 231014
