Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong. Listed below are just a few forms of protection that you can have to protect your business.
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries.
The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.
In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.
Haven Global Strategies Limited
Earle House, Ground Floor, Atlantic Street, Altrincham, Cheshire WA14 5DD.
Haven Global Strategies Limited is a company registered in England & Wales no. 07661911.
Haven Global Strategies Limited is authorised and regulated by the Financial Conduct Authority (FCA), no. 844313.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
Our Director, Mark Andrew Tarry is a member of The Personal Finance Society and the Chartered Insurance Institute.
The Financial Conduct Authority does not regulate Trusts, Will Writing and Tax Planning.
Haven Global Strategies Limited is associated to Haven Protect Limited, which too is regulated by the FCA, along with Haven Wills & Estate Planning Limited.
Copyright © Haven Global Strategies Limited 2023.
We have had the pleasure to partner up with Paalan and the team from Sood, who have undertaken a major rebrand of Haven. Sood are very well established and have recently revamped the Chamber of Commerce website. The new website and trading name, Haven Financial Planning Limited, is now live. This transition is to better reflect our values, mission, and vision. We aim to utilise the latest technology in order to help us unlock the power of financial planning for our clients. You can continue to call us on 0161 519 8500 or email info@havenfinancialplanning.co.uk