Understanding the obligations and responsibilities involved in running a business
We understand the obligations and responsibilities involved in running a business and can help you cope with the ever increasing complexity, responsibility and financial burden associated with this. We can advise you on how best to protect your business and comply with new legislation. The areas we can assist with are:
Keyman Cover is normally taken out by the directors or partners of a company to cover key persons who work for them. If a key person falls ill or dies, it may leave the company with a dilemma in trying to replace that person with someone of the same quality. The company normally takes out the policy on the life of the member of staff, and benefits can be made payable to the company or possibly dependants. The level of cover needed is determined by the person’s salary and how long it is estimated it would take to replace him or her.
Shareholder or Director Protection is similar to Keyman Cover but provides funds to buy the company shares if a shareholder dies or becomes seriously ill. The objectives of Shareholder Protection are two-fold. It ensures that funds are available to buy the shares from the shareholder or their estate so that the share value can be turned into cash and also ensures that these funds are paid to those people who want to buy the shares.
Are you a business owner, company director or trustee with responsibility for providing a pension? Do you understand your pension obligations and if your existing scheme is right for your business? Given the shifting investment landscape, changes in pension laws and enhanced legislative duties, effective pension planning is now more important than ever. Our impartial advice takes into account all of this as well as the latest retirement and pension legislation.
To find out more about how we can help you and your business, please give us a call on 0114 235 3500 or email us at firstname.lastname@example.org for a free consultation.