Business Protection
Our Services
Take Control of Your Finances
Contact us to explore how we can help you achieve your financial objectives and secure your future.
Safeguard Your Business
Running a business involves a lot of moving parts, and the potential for any one of them to falter poses a threat to its future. Protecting your business from a variety of unforeseen events, such as the loss of key personnel, is a fundamental aspect of the comprehensive business protection solutions we offer at Haven.
Let us provide guidance and support on a range of business protection services, all meticulously tailored to prioritise the stability and ongoing success of your business.
Why Invest in Business Protection with Haven?
Expertise
Haven boasts a team of seasoned professionals with in-depth knowledge of business protection, ensuring you receive the highest level of expertise and guidance.
Tailored Solutions
We understand that every business is unique. Haven offers personalised business protection strategies tailored to your specific needs and circumstances.
Comprehensive Services
From key person insurance to shareholder protection, we provide a wide range of business protection solutions to cover various contingencies.
Financial Security
With Haven's guidance, you can secure your business against potential financial hardships and maintain its stability in times of uncertainty.
Peace of Mind
Choosing Haven means entrusting your business's future to dedicated professionals who prioritise its continued success, giving you the peace of mind you deserve.
Business Protection Guidance You Can Trust
This type of business insurance is designed to shield a company from potential financial setbacks resulting from the death or prolonged incapacity of a crucial individual identified in the policy.
Safeguard against the potential death or critical illness of a partner with a pre-arranged agreement, ensuring surviving partners have the necessary funds to buy out the deceased or critically ill partner’s stake.
In the collaborative world of business, we can help you provide a safety net following the unfortunate loss of a shareholder, ensuring financial security, business stability, and continuity.
Shape Your Financial Future
Contact us now to unlock tailored financial strategies and insights that will propel you towards financial freedom.
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Frequently Asked Questions
If you die in service, the fate of your shares typically depends on the terms outlined in your shareholders’ agreement and any relevant legal documents. To ensure a smooth transition and avoid potential complications, it’s crucial to have a well-drafted shareholders’ agreement in place that includes provisions for the transfer or purchase of your shares upon your death.
Consider implementing key person insurance, which provides a financial safety net in the event of the death of a critical employee. The policy payout can be used to cover recruitment and training costs for finding a suitable replacement and helping your business navigate the transition.
To prevent unwanted changes in ownership or control of the business in the event of your business partner’s death, you can establish a Shareholder Protection policy along with a well-crafted shareholders’ agreement. These documents can specify that shares are offered first to the remaining business partners or the company itself, preventing unwanted outside involvement.
You can offer death in service benefits to your staff as part of their employment package. These benefits typically provide a lump sum payment to an employee’s beneficiaries if they pass away while employed by your company. The specific benefits can vary, but they are usually based on a multiple of the employee’s salary.
To mitigate potential conflicts and protect the interests of all parties involved, it’s essential to have a well-drafted shareholders’ agreement in place. This agreement can outline dispute resolution mechanisms, exit strategies, and the process for selling or transferring shares in case of irreconcilable differences. Seeking legal advice and mediation may also be necessary to address conflicts effectively and ensure the best outcome for the business.
