There are many types of insurance that fallunder the umbrella of Business Protection.  Here are a few examples of the types of cover available.  RSB Life can help with advice in all these areas, please contact us for details.

Key Person

Many businesses rely on a small number of "key" employees and should one of these die or suffer a long term illness then the performance of the business may suffer.  There may be significant costs in finding a temporary or permanent replacement or meeting the demands of financial liabilities called in after a death.  Key Person insurance can provide for these problems and should be a big concern for firms looking to protect their future.

Shareholder Protection

In the event of a shareholder in a business dying it can create problems depending on the size of their holding and to whom they leave it.  The beneficiaries may or may not want an active part in the business or may choose to sell on the open market.  At what will be a very difficult time these are not concerns a business want to deal with.  Shareholder protection will ensure a business continuation agreeement is in place between shareholders, this will set out how to move forward in the event of the death of a shareholder.

Partnership Protection

This is very similar to Shareholder protection and it's aim is to ensure a smooth as possible transition should one of the partners in a business die.