Key Person Insurance.

Key staff can represent the heart of any business.

Prolonged absence through serious illness, or even death, can be catastrophic for some companies, resulting in:

• Loss of profits

• The recall of loans

• Reduced capacity

• Loss of key clients/contacts

The risks are the same for limited companies, partnerships or sole traders. Prosperis Ltd can advise you how to secure a cash sum that will enable your business to survive in the short term while you deal with the immediate effects of the loss of a key person within your organisation.

Over the longer term, finance can be made available to subsidise profits whilst a replacement is recruited and gains the relevant experience needed.

Shareholder Protection Insurance.

As a shareholder, your focus is on working with your fellow shareholders to make your business successful.

If you were to die, would your beneficiaries share the same goals for the business? Your fellow shareholders may have to work with other shareholders who have little or no interest in the business and your beneficiaries will own shares with no ready buyers.

Shareholder Protection insurance contracts to provide money for the surviving shareholders to purchase the deceased shareholder’s equity. This type of policy could be vital to the long-term security of the business.

Prosperis Ltd can help you to identify your specific requirements and discuss potential solutions that will provide your fellow shareholders with the means to purchase any shares and allow beneficiaries to realise the market value of the shareholding.