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The only way to predict the future is to invent it

The only way to predict the future is to invent it

You might already have insured your premises, equipment and stock, but what about the people who play the biggest part in your firm’s success. If, for example, your best sales consultant became critically ill, how would the income they bring to your business be replaced?

As a shareholder or partner, are you protected?

The loss of a partner, member or shareholding director can have a major impact on a business, and without proper protection in place, a range of problems can occur.

If a majority shareholder in a limited company dies or becomes critically ill, they or their family may want to sell their share and control of the business may pass to someone who the other owners do not know. Similarly, if a partner dies and there is no Partnership Agreement in place than the partnership may have to be wound up and funds found immediately to pay back to the deceased’s estate. Even with an agreement in place, funds will still have to be found at a time when the business is suffering from the loss of a key partner.

Is your business loan or bank facility adequately covered?

Many businesses take out loans and rely on a key person to repay them. Without protection, a business could suffer severe losses in the event of a key person’s death or critical illness.

Is it worth the risk?

Cooper Associates has a department dedicated to Business Protection. Our specialists understand the intricacies of business and are on hand to provide solutions that ensure you protect the business you have worked so hard to build.

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