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Shareholder Protection

Dealing with ownership of a company can be difficult in the event of death or critical/terminal illness of one of the shareholders.

Shareholder Protection gives you a cash payment to buy a shareholder’s shares should they die or become critically ill, allowing the remaining shareholders to stay in control and the business to continue trading as normal.

Shareholder Protection protects a business and its shareholders



If a shareholder dies with no share protection in place, their shareholding may pass to their family. As a consequence, the surviving business owners could lose control of a proportion (or even all) of the business. The family may be willing to sell their share to the other shareholders, but they could also choose to become involved in the running of the business, or even sell their share to a competitor.

A shareholder protection arrangement enables the surviving owners to purchase the share of the business from the deceased shareholder’s estate, which can be a relief to dependants and family who will have a willing buyer and cash, instead of a share of the business.

Libra Insurance Brokers has access to a panel of leading Shareholder Protection providers including:



For international clients we use Unisure group.

How Does It Work?


In the event of a business shareholder/owner dying or being diagnosed with a terminal illness (life expectancy less than 12 months) or one of the policy-defined critical illnesses, share protection provides a lump sum to the surviving shareholders to help purchase the shareholding in the business.


Do I Need It?



Shareholder Protection safeguards your business:

You stay in control, by preventing the shareholding being inherited by an unwanted beneficiary, who may not align with your plans and operation of the company

Disruption is minimised, by making an eventual transfer the shareholding as orderly as possible

You have flexibility about how to manage the shares

You will not need buy-out capital, loans, or to use savings

The shareholder’s beneficiaries have clarity as to what they will receive for selling the shares

From individual life policies to specialist business cover, we have products to suit your every need.

 

Personal cover



Life Cover
Critical Illness Cover
Income Protection Insurance
Private Medical Insurance
Kidnap & Randsom Cover
Prized Private Collections Cover
Travel Insurance


Business policies



Group Medical Insurance
Group Life Insurance
Group Critical Illness Insurance
Shareholder, Partner, Keyman Cover
Cyber Crime Insurance
Kidnap & Randsom Cover
Travel Insurance

Let's talk

Speak with the team directly on
+44 (0) 208 903 9955 / 6655,
(Mon - Fri : 09:00 — 17:00)
email us at enquiries@librainsure.com
or complete the following and we'll be in touch





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Libra Insurance Brokers
18 Barkat House
116-118 Finchley Road
London
NW3 5HT
United Kingdom

+44 (0) 208 903 9955 / 6655
enquiries@librainsure.com
Mon - Fri : 09:00 — 17:00

 
Libra Insurance Brokers are independent brokers, based in London, UK. Professionally trained to recommend the most suitable products for both Corporate and Individual clients. Authorised and regulated by the Financial Conduct Authority, Libra Financial Management (UK) Ltd, trading as Libra Insurance Brokers, is entered on the Financial Services Register https://register.fca.org.uk/ under FCA firm reference 513236.