Corporate Services

Do you run your own business? If so do you spend more of your time working in your business rather than on your business?

Having obtained the Chartered Insurance Institute’s advanced Business Financial planning qualification Sharon is a specialist in the area of corporate financial planning. She is able to undertake complex business financial planning and has extensive experience in employing solutions for IOM based small and medium sized (SME) companies. She has also run her own company for over 9 years.

Shareholder and Partnership Protection

On the death of a shareholder you may find yourself in business with a member of the deceased shareholder's family. This person may be inappropriate for your business or have no knowledge or desire to continue running the company.

Shareholder protection insurance provides a lump sum to enable the surviving shareholders to acquire the shares of the deceased from his estate.

Partnership protection insurance works along the same lines except the sum assured is equal to the value of each partner’s share in the business providing the lump sum to enable the surviving partners to pay the deceased’s family.

We would work with your chosen legal advisers to ensure the correct framework is used.

Keyman Insurance

Many businesses are heavily dependent on a few key employees for their profitability. If any of them are unable to work due to long term sickness or death the company’s profitability may be adversely affected in the following ways:

• Key accounts may be lost to a competitor
• A project may be forced to cease
• At worst, the business may be forced to close

Keyman insurance can protect your business against these threats. The level of cover is based on the expected loss of profitability to the company caused by the loss of the key employee.

Employers

Employers may wish to consider the following benefits for their employees to promote staff loyalty:

• Group Life Assurance
• Group Critical Illness protection
• Group Income Protection
• Group Pension Arrangement
• Group Medical Insurance or Cash Plans