shareholder protection INSURANCE
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What is Shareholder Protection Insurance?
Shareholder Protection Insurance is a life insurance policy set up to
facilitate the buyback of shares from a deceased estate.
One of the most damaging events a business can fall victim to is the death of a major shareholder. Should a shareholder or owner die unexpectedly, the event can have a serious impact on the company, not to mention the shareholder’s family.
Shareholder Protection Insurance allows the buy back of shares from either the deceased or ill shareholder. This allows the company and surviving shareholders to retain ownership and control of the company. It also rewards the wife or husband with the monetary value of the shares they have inherited.
The process of buying back shares involves purchasing the shared back from the estate of the deceased (or critically ill) shareholder. A Shareholder Protection policy is designed to facilitate this buyback. In the event of death, terminal illness or critical illness, a lump sum of money is paid to the remaining shareholders. This allows them to buy back shares from the deceased shareholder’s wife or husband.
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How to get a quote
3 Simple Steps
Submit the details of the shareholders who need to be covered.
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Fill out the application and get covered today.
Shareholder Protection Tax Treatment
Check out our guide on the taxation of shreholder protection insurance. Make sure everything is set up correctly in the most tax efficient way.
Cross Option Agreements Explained
Shareholder Protection policies normally always need a cross option agreement. Check out our guide here.
Key Man Insurance Guide & Quotes
Maybe its key person insurance you need instead. Check out our guide for all you need to know about getting your key people insured.
UK’s Number One Business Protection Specialist.