Business Immigration
Shareholder Protection Insurance
Secure your company’s future with Omny Group’s shareholder protection insurance plans. Get in touch today to see how we can help.
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0800 0986220
Unexpected events, such as the death or critical illness of a shareholder, can significantly disrupt your business.
Shareholder Protection Insurance from Omny Benefits ensures your company remains financially stable, operationally secure, and in the hands of those who understand and share its vision.
This essential cover provides a lump sum payout, enabling surviving shareholders to buy the affected individual’s shares. Without this protection, shares may pass to beneficiaries who have no involvement in or knowledge of the business, risking operational disruption and financial strain.
At Omny Benefits, we offer tailored advice and comprehensive support to design a policy that fits your business structure. We’ll ensure a smooth, transparent process that protects both your business and the families of your shareholders.
Frequently asked questions
Why do I need Shareholder Protection Insurance?
If a shareholder unexpectedly passes away or becomes critically ill, their shares might transfer to beneficiaries who may not align with the company’s goals. Shareholder Protection Insurance ensures surviving shareholders have the financial means to buy those shares, maintaining control, stability, and business continuity.
How does Shareholder Protection Insurance work in practice?
This insurance combines a legal agreement with a life insurance policy. Shareholders take out policies on one another, and in the event of death or critical illness, the payout goes directly to the surviving shareholders. This ensures the smooth purchase of shares from the affected shareholder’s estate.
What are the benefits of Shareholder Protection for my business?
- Control: Prevent shares from being transferred to unintended parties.
- Stability: Protect against operational and financial disruption.
- Succession Planning: Ensure a clear, legally defined ownership transfer process.
- Peace of Mind: Provide reassurance for shareholders and their families.
How much does Shareholder Protection Insurance cost?
Costs vary depending on factors such as the age and health of shareholders, the value of the business, and the level of cover required. However, it’s generally an affordable way to safeguard against substantial financial and operational risks.
How do I set up Shareholder Protection Insurance for my business?
Setting up Shareholder Protection Insurance requires careful planning. At Omny Benefits, we’ll:
- Assess your business structure and shareholder dynamics.
- Help establish the necessary legal agreements.
- Source competitive insurance policies from trusted providers.
- Guide you through implementation and ongoing management.
Our expert team ensures the process is seamless and aligned with your business objectives.
Ian Beaumont
Group CEO
Angie Crush
Head of Employment Law
Mike Kealey
Managing Director, Omny HR
Amanda Menahem
Group HR Director & Head of Omny Performance
Chris Halloran
Group Finance Director
Jonelle Wilkin
Group Head of Operations
Russell Corlett
Health & Safety Director
Lorraine Williams
Senior Legal Director
Paul Andrews
Director
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