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Partnership Partnership assurance Like Keyperson insurance the main objective is to protect the financial future of a business in the event of death or disability of a partner, or in the case of a limited company, a director. Although the two are completely different trading entities, the objectives of such cover is to provide:
The instruments governing the operation of the two entities, namely The Articles of Association in the case of a limited company and the Partnership Agreement, should specify procedures to be adopted in the event of death or withdrawal. In practice these are rarely comprehensive and can lead to difficulties in the event. We provide the expertise to ensure that these instruments are correctly amended to take care of all eventualities. We also arrange underwriting and the use of necessary trusts to mitigate tax implications. Either complete our General Enquiry Form or e-mail us for further information |
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