Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
UK News
The economy grew by 0.3% in the month, official figures show, confounding analysts' forecasts of a small contraction.
Flying by air will get more expensive as oil prices remain high, says international industry body boss.
Quantexa, a financial data platform, won the £175m contract to spot fraud and tax return errors.
Kevin Warsh was confirmed by the narrowest margin since the role required a Senate confirmation vote.
Annabel Yates says she faces a 94 mile round trip to bank a cheque because of changes at Lloyds.