Whether you are a sole trader, partner, or director of a limited company, your death or the death of your co directors, partners or key employees may cause a significant disruption in business.

Often problems occur because the deceased’s Will leaves interests in a partnership or a share in a limited company to someone (e.g. a spouse), who may not have the interest or ability to play an active part in the business.

Various insurance based solutions are available to buy the deceased’s family out, but it is essential that such arrangements do not conflict with the Articles of Association in the case of a company, or the partnership agreement in the case of a partnership.

Fluent IFA's can offer a complete service to assess the need for assurance and put in place arrangements which are both tax-efficient and appropriate to the company or partnership.

A review with Fluent IFA's will identify a comprehensive business protection plan, including:

· an examination of the amount of funds required
· where and when these funds may be required
· consideration of the Inheritance Tax implications and any arrangements proposed

Key Employees Protection

Most businesses insure themselves against such eventualities as fire, theft, or catastrophes.

However, the death of a key employee such as a Systems Manager or a Finance Director can be far more costly. The death of such an individual would generate recruitment costs and there may be a substantial loss of profit if a key individual were unable to fulfil their function within the business.

Working with your business, we can design and implement an insurance based solution to deliver funds to replace lost profits, should the worst happen to one of your key employees.