CASE STUDY
Key person and shareholder protection can be a lifesaver for safeguarding businesses from unexpected loss
You’ve spent years building a successful, thriving business, but what happens when one of the key players is unexpectedly taken away? For the co-founders of a growing business experiencing exponential growth, this was a real concern.
Our clients approached us with a desire to safeguard the future of their business. They wanted to ensure that their company could continue to thrive, even if one of them were to pass away. By carefully analysing their specific needs and goals, we were able to craft a comprehensive protection plan tailored to their situation.
A Personalised Approach to Protection
One of the key differentiators at Henry Dannell is our commitment to understanding our clients on a personal level. We take the time to learn about their unique circumstances, their business aspirations, and their concerns. This allows us to provide tailored advice that goes beyond standard policies.
In this case, we helped our clients explore various options for key person and shareholder protection. We explained the benefits of each approach and guided them toward the solutions that best aligned with their objectives. As a result, they were able to secure a level of coverage that not only protected their business but also provided financial security for their families.
A Peace of Mind for the Future
By implementing a key person insurance policy and a shareholder protection plan, our clients were able to create a safety net for their business. In the event of an unexpected loss, these policies would provide the necessary financial resources to maintain operations, cover any shortfall in profits, and ensure a smooth transition of ownership.
This case study demonstrates the importance of proactive planning and the value of expert guidance when it comes to business protection. By working with Henry Dannell, our clients were able to secure peace of mind and focus on growing their business with confidence.
Are you looking to safeguard your business’s future? Contact Henry Dannell today for a personalised consultation and discover how we can help you protect what matters most.
Please note: It is important to remember that the decision regarding the tax treatment of key person cover ultimately rests with the local Inspector of Taxes. Please also note: these plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
