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.
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 Supreme Court partially upholds an appeal from lenders, who had faced potentially paying compensation to millions of motorists.
The Supreme Court will make a key decision which could unlock compensation for millions of motorists.
The president also announced sweeping tariffs on dozens of countries, as he continued his drive to remake how global trade operates.
The US president considers it a win - but if this all triggers a foundational realignment, the results may not break in his favour
New ways are being found to make wood even stronger and more versatile in construction.