Business Protection

When you start a business, the last thing you think of is a business partner or a key person dying. However, this can and does happen. The impact can be very wide reaching.

If you lose a key person, it could impact on the ongoing income of the business to a level where the business may even need to close. At best, customer relationships can be damaged, revenue will be impacted, and often a new employee is needed in a hurry to keep things going. All of this while also dealing with the grief of losing a close colleague.

If it is a co-shareholder, the impact may be even greater. Your Shareholder Agreement may require you to buy their shares, and you may not have the funds to do so. You could end up in business with their family, who are likely to inherit their shares.

Business protection can offer you some comfort in a horrendous situation. It may be there to pay recruitment costs and cover lost revenue if a key employee dies, or is diagnosed with a critical illness.

In a Shareholder situation, it can provide the family of a shareholder with a lump sum payment rather than the worry of being involved in company ownership. For a remaining shareholder it provides peace of mind that they will retain their control of the business they’ve worked so hard for.

The loss of a shareholder or key employee doesn’t have to be the end of your business.

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People buy from people, and people like buying from people they like!

Smith & Pinching have that special knack of employing very amiable people who are experts in their field and are a pleasure to deal with.

After being a very happy customer for more than 30 years, I cannot recommend them highly enough.

Mike, Norfolk

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I am extremely grateful to Smith & Pinching for the wonderful service they provide.

They sorted out a mortgage for us on a complicated house purchase in a very efficient, friendly and calm way.

Dominic, Stowmarket

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I have had several meetings with Hazel to discuss transferring my Defined Benefit into a SIPP.

She is extremely knowledgeable and was incredibly helpful and pro-active helping me make the right decision for me.

I would have no hesitation in recommending Hazel.

Stuart, Norfolk