Shareholder Protection

The Company will normally insure the basic insurances but often fails to put in place the most important insurance- ‘Shareholder Protection’.
 

Partner’s Share Protection

• Provides monies in the event of the death or critical illness of one partner so that the surviving partner(s) in the business can exercise their right to buy the deceased or critically ill partner’s interest in the business from his/her estate.
  
  
• A ‘Partnership Agreement’ should be in place that allows for the remaining partner(s) to purchase the share of the business from the deceased or critically ill partner.
    

Shareholder Protection

• Provides monies in the event of the death or critical illness of one director so that the surviving director (s) in the business can exercise their right to buy the deceased or critically ill director’s interest in the business from his/her estate.

• A ‘Shareholder Agreement’ should be in place that allows for the remaining director(s) to purchase the share of the business from the deceased or critically ill director.