Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
UK News
The takeover by a US firm shows the differing fortunes and attractions of US and UK stock markets.
The deal is the latest example of a UK-listed company being taken over by a US rival.
The firms join a growing list of big businesses cautioning about the impact of Trump's import taxes.
The move follows a bitter power struggle over the business.
The NCSC urges firms to check IT help desk "password reset processes" as hackers target retailers.