KEY MAN COVER
Protecting your business in the event of your passing
Key man cover is set up in a business with more than one director. It can provide a lump sum for the other business owners in the event of your passing. This will enable them to continue to meet their obligations whilst the business learns how to cope without your presence.
It can also be used to allow the remaining directors to purchase the deceased shares from their family, should that be where the shares fall.
It can be tricky to see all the potential gaps you need to consider, and as such, advice from an experienced broker is key. Contact us today and we can help.
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If you’d like to chat to us, please feel free to send your contact details and we’ll come back to you. Or just call us on 03301 331143