• Contact us
  • About us
  • Digital edition
  • Online archive
Saturday, July 12, 2025
Cumberland and Westmorland Herald
  • News
    Councils ask for planned mayoral election to be postponed

    Councils ask for planned mayoral election to be postponed

    Leo Group owner completes epic cycling challenge for MND research

    Leo Group owner completes epic cycling challenge for MND research

    Support for Penrith Mountain Rescue Team after charity box stolen

    Support for Penrith Mountain Rescue Team after charity box stolen

    Inspiring Penrith teacher Dawn Coates retires after 26 years

    Inspiring Penrith teacher Dawn Coates retires after 26 years

    Use it or lose it: Urgent appeal for people to get on the bus

    Use it or lose it: Urgent appeal for people to get on the bus

    Penrith’s Enterprise Hub plans start to take shape

    Penrith’s Enterprise Hub plans start to take shape

    Nurturing Eden school praised by Ofsted

    Nurturing Eden school praised by Ofsted

    Inflation and the impact on savings

    Inflation and the impact on savings

    Celebrating Alston’s heritage heroes

    Celebrating Alston’s heritage heroes

  • Sport
    Success for fighting squad

    Success for fighting squad

    Penrith skipper Nicky Burns calls on team to keep winning

    Penrith skipper Nicky Burns calls on team to keep winning

    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
  • News
    Councils ask for planned mayoral election to be postponed

    Councils ask for planned mayoral election to be postponed

    Leo Group owner completes epic cycling challenge for MND research

    Leo Group owner completes epic cycling challenge for MND research

    Support for Penrith Mountain Rescue Team after charity box stolen

    Support for Penrith Mountain Rescue Team after charity box stolen

    Inspiring Penrith teacher Dawn Coates retires after 26 years

    Inspiring Penrith teacher Dawn Coates retires after 26 years

    Use it or lose it: Urgent appeal for people to get on the bus

    Use it or lose it: Urgent appeal for people to get on the bus

    Penrith’s Enterprise Hub plans start to take shape

    Penrith’s Enterprise Hub plans start to take shape

    Nurturing Eden school praised by Ofsted

    Nurturing Eden school praised by Ofsted

    Inflation and the impact on savings

    Inflation and the impact on savings

    Celebrating Alston’s heritage heroes

    Celebrating Alston’s heritage heroes

  • Sport
    Success for fighting squad

    Success for fighting squad

    Penrith skipper Nicky Burns calls on team to keep winning

    Penrith skipper Nicky Burns calls on team to keep winning

    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
No Result
View All Result
Home Expert advice
This post appears as part of a paid partnership with Armstrong Watson

Business protection: safeguard your most valuable assets

By Hayley Towlson, financial planning consultant, Armstrong Watson Financial Planning

by CWH
16 October 2024
in Expert advice, News, Sponsored
A A
Share on FacebookShare on Twitter
Hayley Towlson

Safeguarding your business’s key assets is vital to ensure you are protected in the face of unforeseen events.

Business protection is not just about securing physical assets or intellectual property; it’s about protecting the very people who drive the business forward.

Key person insurance

A key person is someone whose skills, knowledge, experience, leadership, or industry connections are crucial to the success and stability of the business.

This could be a business owner, the leadership team or any employee whose contribution is significant and whereby their absence would impact the business operations and/or profitability.

Key person protection is therefore essential in managing the risk and implications from a ‘key’ individual being absent and unable to contribute to their role due to a long-term accident or illness, the diagnosis of a critical illness or in the event of their death.

An insurance policy can provide a cash injection to a business, from the proceeds of a claim. This can minimise the disruption caused at such a time and instils confidence in the business’ customers, suppliers, lenders, and/or investors.

Shareholder’s agreements and insurance

A shareholders’ agreement is an essential tool for any company with multiple shareholders.

It provides a clear and fair framework for managing the company, protecting the interests of all shareholders, and ensuring smooth operations. By addressing potential issues before they arise, a well-drafted shareholders’ agreement, prepared by an experienced solicitor, can help to prevent disputes and promote a harmonious and successful business environment.

In the event of a shareholder’s death, disability, or exit from the company, the agreement can provide a clear plan for how their shares will be handled. This ensures the continuity of the business and prevents disruption.

Shareholder insurance is a policy taken out by a company or its shareholders to provide financial protection if a shareholder dies or becomes critically ill. Its primary purpose is to enable the remaining shareholders to buy the shares of the affected shareholder, thereby maintaining control and stability within the company.

Specialist advice is vital to ensure that the structure of a policy, any associated trusts and premium allocation is implemented correctly to ensure the arrangements are deemed as commercial and do not create unplanned tax liabilities.

Relevant Life insurance

A Relevant Life Policy (RLP) is a type of life insurance designed for employers to provide individual death-in-service benefits to their employees.

Company directors can be eligible too and it is an excellent option for small to medium-sized businesses that may not have enough employees to justify a group life insurance scheme.

It offers financial protection for employees’ families, tax efficiency for the business, and can help attract and retain top talent. Providing such a benefit can enhance a company’s benefits package and demonstrate commitment to employee welfare.

By implementing measures such as key person insurance, shareholder agreements, and relevant life policies, businesses can secure their operations, protect their stakeholders, and maintain business stability and growth.


For more information and advice about business protection, please call 01768 222030 or email help@armstrongwatson.co.uk

Related Posts

Councils ask for planned mayoral election to be postponed
News

Councils ask for planned mayoral election to be postponed

11 July 2025
Leo Group owner completes epic cycling challenge for MND research
News

Leo Group owner completes epic cycling challenge for MND research

11 July 2025
Support for Penrith Mountain Rescue Team after charity box stolen
News

Support for Penrith Mountain Rescue Team after charity box stolen

11 July 2025
Inspiring Penrith teacher Dawn Coates retires after 26 years
News

Inspiring Penrith teacher Dawn Coates retires after 26 years

11 July 2025
Use it or lose it: Urgent appeal for people to get on the bus
News

Use it or lose it: Urgent appeal for people to get on the bus

11 July 2025
Penrith’s Enterprise Hub plans start to take shape
Latest

Penrith’s Enterprise Hub plans start to take shape

11 July 2025
No Result
View All Result

Stay connected

Facebook Twitter Instagram

Most popular

Inflation and the impact on savings

Inflation and the impact on savings

11 July 2025
Lake District mountain rescue volunteers called for missing man searching for lost phone

Lake District mountain rescue volunteers called for missing man searching for lost phone

7 July 2025
Penrith’s Enterprise Hub plans start to take shape

Penrith’s Enterprise Hub plans start to take shape

11 July 2025
Support for Penrith Mountain Rescue Team after charity box stolen

Support for Penrith Mountain Rescue Team after charity box stolen

11 July 2025
Master cross-border business: Smart strategies for UK-Ireland business success

Master cross-border business: Smart strategies for UK-Ireland business success

11 July 2025
Success for fighting squad

Success for fighting squad

11 July 2025
Cumberland and Westmorland Herald Logo

33 Middlegate
Penrith
Cumbria
CA11 7SY

Phone: 01768 862313
Email: news@cwherald.com

Registered in England as Barrnon Media Limited. No: 12475190
VAT registration number: 343486488

Explore

  • News
  • Sport
  • Farming
  • Property
  • Obituaries
  • Nostalgia
  • Your view

Useful links

  • Contact us
  • Photosales
  • Online archive
  • Buy your paper
  • Digital edition
  • North Lakes Living
  • Advertise
  • About us

Follow us on

© Barrnon Media Limited 2025

Terms & Conditions / Privacy Policy / Cookie Policy

This website and its associated newspaper are members of the Independent Press Standards Organisation
Review Your Cart
0
Discount
Add Coupon Code
Subtotal
Total Installment Payments
Bundle Discount
Checkout

 
0
No Result
View All Result
  • Home
  • News
  • Sport
  • Obituaries
  • Nostalgia
  • Online archive
  • more
    • North Lakes Living
    • Buy Photos
    • Buy your paper
    • About us
    • Contact us

© 2020 Cumberland & Westmorland Herald