Keyperson, Director and Shareholder Protection

Safeguard your business from the unpredictability of life.

Keyperson, Director and Shareholder Protection

Safeguard your business from the unpredictability of life.

Competent people and talented entrepreneurs are at the heart of every successful business. For shareholders and directors, the future can be uncertain in any circumstances but when it comes to the unknowns, it’s crucial to be prepared for whatever may happen.

There are two types of protection:

Shareholder and Director Protection provides financial security and protection in case of death, serious illness, or disability of a major shareholder or director, allowing for smooth business succession and minimizing potential financial risks.
Keyperson Protection gives financial protection to a business in the event of the critical illness, disability, or death of a key employee, ensuring the company’s stability and continuity.

How do you define who is a key person in your business?

In essence, a key person is anyone who is instrumental in the running of your company. They could be responsible for the future of the business, company loans, sales and business planning. While their position can be director status, they could also be employees whose contributions and responsibilities significantly impact your revenue.

In the unfortunate event of a key person passing away or becoming unable to work, the policy proceeds are paid directly to your business.
This financial support can help you with numerous situations, such as covering a loss of profits, aiding in the recruitment or training of a replacement, and providing support due to the loss of important business contacts.
Ultimately, these policy proceeds can make a significant difference in allowing your business to continue operating smoothly.