Mortgage Advisers in Yorkshire Freephone: 0800 0029 555 info@willassistmortgages.co.uk

Business Protection Cover

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What is Business Protection Cover?

If you own or have shares in a business have you thought about what would happen if you or a key employee/shareholder/partner were to die? What impact would there be on your profits if your most highly skilled designer were to die? Or your top engineer? How about if your business partner died, could you afford to buy there share from his/her estate?

Does your company have outstanding loans outstanding secured on key people? If so what if one of those key people were to die?

Your company might have directors and shareholders. If a director or shareholder were to die, commonly there share of the business would fall into their estate and pass to the spouse or partner, meaning that person then has a controlling share in the company- a situation that you and possibly they would not want to be in!

All these questions raise extremely serious issues to be considered for your business. We have access to leading insurers who can provide the necessary financial protection to make sure that your business can carry on should the worst happen, and after carrying out a full analysis of your business and its individual requirements we can give you all the necessary help and advice from start to finish. Also, in conjunction with our estate planning services, we are able to make sure that all the necessary written agreements are in place so that your business can carry on after a death as seamlessly as possible- in effect writing a will for your company.

Please contact Will Assist Ltd on 0800 0029 555 or email us at info@willassistmortgages.co.uk