Partnership Protection Insurance
The death of a business partner can be an extremely distressing and traumatic experience for those involved. As well as that, this unfortunate event might jeopardise the financial security and stability of the partnership. The remaining partners may be obliged to pay a capital sum to compensate the deceased estate for his/her stake in the partnership. Partnership Insurance can release the funds to make this possible, and allow the partnership to continue without the involvement of next of kin.
The sudden loss of a director through death, or ill health can potentially have very negative consequences on a business. Co-director Insurance will allow the company to buy a director’s shares from their next-of-kin if these unfortunate events occur. This will bring stability to the business, as the remaining directors gain full control of the company. And it could be a good option for the family of the deceased, who may not have the desire or expertise to take on this role.
KEY PERSON INSURANCE
As an employer, you know that running a great business means having a team of great people, but there may be one person who stands out as being a key player in the company’s success. This person’s knowledge, work, or overall contribution is considered uniquely valuable to the company. How would your business cope if that person were to pass away, or become seriously ill? Key Person Insurance helps to protect your business, should such unfortunate events occur.
Contact Us Today
Fahey Financial Solutions provide a range of solutions to cater for all your requirements. To find out more about our service, contact us today on 091-394187, email firstname.lastname@example.org or book an appointment through our Contact Page.