What is Partner/Director Share Protection?

The loss of a partner or director may destabilise the business and can quickly lead to financial difficulties. Partner/Director Share Protection means if the worst does happen, the remaining directors or partners can stay in control of the business.

 

How does it work?

In the event of a partner or director dying, falling terminally or critically* ill, Partner/Director Share Protection can provide a sum of money to the remaining partner(s) or director(s). This means that in the event of a valid claim the policy could pay out an amount sufficient to purchase the deceased or critically* ill partners/directors interest in the business.

 

To find out more, download our product literature.

 

To help you have an informed discussion with clients about the value of a business and establish the required sums assured for shareholders or partners please use our business valuation calculator.

 

* If critical illness cover is chosen as an additional option.