Owners of a business often insure the building and its contents and against public liability but overlook the most important assets in the business – themselves.

How would the business cope if a director or partner had a serious illness or unexpectedly died?

As part owner in the business they or their family may want to realise the investment they have made. Could the surviving owners afford to buy them out so that they retain control of the business? Could they borrow the money from the bank when a key individual is no longer part of the business.

Director or Partner protection insurance used in conjunction with a business will or the rewriting of the company or partnership constitution can ensure that a business, its owners and their families are not adversely affected financially by the loss of a key owner. It would be bad enough to lose the individual, without their loss resulting in financial hardship for their family, colleagues and employees.

With many years of experience, Alexander Calder offers a free initial consultation. Call today and an adviser will arrange to meet you at a time and place convenient to you.