Speak to an adviser

Protection / Shareholder protection

Business protection / Ownership

A plan for ownership.
When life changes it.

If a shareholder dies, their interest may pass to their estate or beneficiaries. Shareholder protection can help provide funds for a purchase, alongside an appropriate agreement about what should happen next.

Discuss your business with Steven ↗

Initial conversation at no cost · No pressure to proceed

The MOVA panel

Business protection providers

  • Legal & General
  • Royal London
  • Zurich
  • Aviva

Funding and legal planning need to work together.

The insurance is one part of the arrangement. A suitable agreement can set out the rights and responsibilities of the parties, while cover may provide funds following a valid claim. Critical illness cover may be considered where suitable.

01

Understand the ownership

Start with who owns what, the existing articles or agreements and the outcome the owners and their families would want.

02

Assess the value

An appropriate business valuation helps inform the amount of cover. Your accountant can advise on valuation and the wider financial implications.

03

Align the documents

A solicitor should advise on the purchase agreement, any options and the legal structure. Policy ownership and trusts need to support that arrangement.

Keep the plan connected to the business.

Changes in shareholdings, value, borrowing or personal circumstances can leave an arrangement out of date. Agree when the cover and legal documents should be reviewed, particularly when an owner joins or leaves.

MOVA can discuss the protection needs and insurance options. Your solicitor and accountant should advise on legal agreements, valuation and tax. We do not provide legal or tax advice.

Bring these points to the first conversation

Understand the boundaries.

Does insurance automatically transfer the shares?

No. A policy pays according to its terms. Any share purchase or transfer depends on the legal arrangements and the parties’ rights. The documents need professional legal advice.

Can this apply to a partnership?

Partnership protection may address similar succession risks, but the structure and agreements differ. Tell us how your business is organised so the discussion starts in the right place.

Are premiums or payouts always tax-free?

No general tax outcome can be promised. Treatment depends on how the arrangement is set up and individual circumstances; tax rules may change. Your accountant should confirm the position.

Cover is subject to underwriting, insurer terms and exclusions. A payout is not guaranteed and must meet the policy’s claim conditions.

A clear next step

Talk through what matters
to your business.

Tell Steven a little about the business, the people involved and what you would like to protect.

Book an initial conversation ↗Ask a question