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Business Protection

Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong.

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.
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

UK News

The EU summit is also expected to see leaders agree on the terms for a Brexit transition period.
A year after the Westminster attack, Tobias Ellwood recalls telling his son about trying to save PC Palmer's life.
The 50-year-old man is also found not guilty of three charges of cruelty to three children.
The existing UK manufacturer says it will be replaced by a French one after Brexit.
Jeremy Pemberton went to the Court of Appeal after an employment tribunal panel rejected his claim.