In the unfortunate event that a Director of Partner should die, there is often an agreement in place that ensures the remaining partner/s and or directors have the option to purchase the deceased's shareholding enabling the business to continue.

Whilst this is a sensible step to take, it is often not as simple as first thought as the funding for the remaining shares may be hard to come by at short notice.

Partnership/Shareholder protection can help in this situation by providing life cover which, upon the event of death will provide the necessary funding to purchase the remaining shares.

For more information, please contact us on 0191 488 8445
or use this email link. office@hrcgroup.net