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.
Indices | ||
Value | Move | % |
FTSE 100 | 8,139.83 | 60.97 | 0.75 |
FTSE All Share | 4,423.59 | 35.65 | 0.81 |
Currencies | ||
Value | Move | % |
Euro | ||
1.17 | 0.00 | 0.07 |
United States Dollar | ||
1.25 | 0.00 | 0.31 |
Data is compiled by Adviser Portals Ltd every 60 minutes. Information is not realtime. Last updated: 29/04/2024 at 06:00 AM