Key Person and

Shareholder Protection

The most important asset in your business is its people. We can help you come up with a plan to protect your business if something happens to them.

If a key member of staff falls ill or passes away, it can cause problems in various aspects of the business, especially with continuity of service. Having key person insurance allows you to cover the costs associated with this situation and allows you to move forward.

There can be similar issues when a shareholder dies or isn’t able to work, and their shares are passed to their beneficiaries.

Shareholder protection insurance allows you to protect the capital value of the business.

The most important asset in your business is its people. We can help you come up with a plan to protect your business if something happens to them.

As part of your employee benefits programme, your AdviceFirst adviser will analyse your situation, evaluate your options, make recommendations, and provide a customised plan to protect your business. It might include one or more types of cover:

Key person insurance

Provides a monthly benefit or lump sum to offset the additional costs of losing a key person through serious illness, injury or death. It covers staff replacement costs, training costs, contract penalties and loss of profits

Debt protection

Provides a lump sum to repay debt to shareholders or release personal guarantees following serious illness, injury or death. These funds take pressure off the business and allow it to move forward

Shareholder protection insurance

Provides a lump sum for remaining shareholders to purchase the shares of a shareholder who makes an unplanned exit from the business due to serious illness, injury or death. These funds provide the departed shareholder’s family or estate with capital and provide the remaining shareholders with control of the business

Protect the people most valuable to your business. Find out how business insurance cover can provide a necessary safety net in troubled times.










AdviceFirst is a Financial Advice Provider (FSP23242).