Business Protection

Ensure the stability and continuity of your business. If a key owner or shareholder dies or becomes critically ill we can help you.

Our legal experts will help protect your business from the financial impact of a losing a key person

Facing the unexpected – what is business protection?

Business protection, also known as key personnel protection, is having an insurance policy in place to cover the cost of replacing a key person in the event of their death or long-term illness.

Who are your key people?

Your key people are essential to the financial success of your business, and losing their expertise can have a serious effect on its future success.

These are business owners, key shareholders, directors or highly skilled employees who makes a significant financial contribution to your business.

How will we help you? Our business protection expertise

Business of all sizes should consider assessing their need for business protection. With forward planning you can reduce the risk of impact on your business. We will guide you through the process of selected the cover appropriate to your needs by looking at the key person’s contribution to the business. We will help you safeguard your business by making sure you have the right plans in place.

The team at Tees is exceptional when it comes to corporate and commercial. Their tenacity and understanding of our business were excellent, as well as their understanding of a commercial deal that was not always straightforward.

Our expertise

Our expert independent insurance and financial advisers can help with a range of issues around key person protection including:

  • Key personnel protection in the event of death or serious illness
  • Supporting business arrangements for shareholders
  • Protecting a business in the event of the death of a shareholder
  • Supporting the family of a shareholder

Legal and financial advice

Our business protection experts are independent financial advisers who work in-house alongside our legal teams.

Tees is a top-tier Legal 500 firm, and our employment and litigation teams can help you protect your business and employees long-term future.

Our legal and financial teams work closely together to ensure a joined-up first rate service for all our clients to meet all your business protection planning and implementation needs.

Our independent financial advisers work as part of a bigger Wealth Management team. 

How we can help

If you’d like to meet one of our business protection experts for a confidential, no obligation chat, please get in touch.

We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales.

The financial services provided on this page are by Tees Financial Limited, authorised and regulated by the Financial Conduct Authority

Our legal services are authorised and regulated by the Solicitors Regulation Authority.

Key people

Jane Doe
Partner
Jane Doe
Partner
Jane Doe
Partner

News and insights

Frequently asked questions

The answers to many of your questions can be found here, please get in touch for further information.

I have been told my property has development potential. What do I do?

If you’ve been contacted by a developer or a land promoter regarding a potential development to your property, you may wish to consider granting an option agreement or a promotion agreement. An option agreement is made between the landowner and the developer, where it is intended that the developer will apply for planning permission and requires an option to buy the property. A land promotion agreement is used where a developer agrees to apply for planning permission and will market the property for sale on the open market once planning permission has been obtained. This is usually in return for a proportion of the net sale proceeds. The law on this is very complex and you will need specialist advice. 

Contact us today

If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.

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