Shareholder protection cover exists to safeguard your business against the possibility of unwelcome external interference in the event that a significant shareholder dies, becomes seriously or terminally ill.

In the event of a business owner dying or being diagnosed with a critical illness, share protection can provide a lump sum to the remaining business owners. This could be used to help purchase the deceased shareholder’s interest in the business.

If a business owner dies with no share protection in place, their share in the business may be passed on to the family. It is worth having a Shareholder Protection Policy in place to help ensure shares are retained.