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Contact Us

Arrow Financial Services
46 Watergate Street
Chester
CH1 2LA
Phone: 01244 322 330

Business Protection

Failure to protect your business against the loss of directors or key staff through death or serious illness could have disastrous consequences. Our advice could make the difference between your business surviving the loss or not.

It is essential that the following issues are addressed:

Shareholder Protection
Shareholders normally arrange share protection cover in a business, to provide funds in case one was to die or suffer a critical illness.

Imagine a successful business with a number of shareholders, one dies unexpectedly, the surviving shareholders discover that the shares have been left to the spouse who disagrees with their future plans for the business.

What happens next?

Partnership Protection
It's not just Limited companies that can protect themselves against this sort of situation. Business partners can benefit from a similar scheme. Protection will allow the surviving partner or partners to buy back the deceased partner's portion of the business.

Loan Protection
Loan Protection is taken out to provide cover against the death or critical illness of any key person, whose loss could adversely affect a business’s ability to repay a loan. After all, your bank could decide to re-call any loan following the loss of key personnel.

Key-Man Insurance
Key person protection is taken out by an employer to protect the business against the death or critical illness of an employee with specialist skills or knowledge essential for the continued running of the business.
In the event of a claim cash is injected into the business.

Products include:
Shareholder Protection
Partnership Protection
Loan Protection
Key-Man Insurance