• Keyman Insurance: Key-person Cover is life assurance effected by an employer on the life of a key employee, who may also be a shareholder or director, to protect the company against the financial consequences of that individual’s sudden death or serious illness. Key-person Cover is designed to protect the value of the company’s human assets in much the same way as fire insurance protects a company’s physical assets. Key-person Cover can therefore provide an immediate lump sum payment to the company.

• Co-Directors Cover: Corporate Co-Director insurance can make funds available to a company to buy a director’s shares from their successor when the director dies. The surviving directors can lose control if the deceased director owned more than 50% of the company. The deceased successor may not be familiar with the business or could have cash flow problems because of losing the deceased’s income.

The benefits to Corporate Co-Director’s Insurance are:

• It gives the company funds to buy back shares if a director dies
• Means the deceased’s successor does not have to become involved in the business
• Can also cover a director becoming seriously ill

• Partnership Insurance: Partnership Insurance can provide a solution to the problems outlined above by providing liquid capital on the death of a partner to enable the surviving partners to make an immediate payment to his / her estate in respect of his / her share of the partnership. Partnership Insurance is arranged in two steps: A) Partnership Agreement & B) Life Assurance.