Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
Indices | ||
Value | Move | % |
FTSE 100 | 8,414.99 | -18.77 | -0.22 |
FTSE All Share | 4,575.33 | -10.96 | -0.24 |
Currencies | ||
Value | Move | % |
Euro | ||
1.16 | 0.00 | 0.04 |
United States Dollar | ||
1.26 | 0.00 | -0.02 |
Data is compiled by Adviser Portals Ltd every 60 minutes. Information is not realtime. Last updated: 14/05/2024 at 05:00 AM