AS Brokers · Business Assurance
Business Life Insurance & Employee Benefits
Protecting Your Partners, Directors, and Key Employees
When a shareholder or director dies, the company, family, and creditors can all pull in different directions. Business risk insurance (buy-and-sell, key person, contingent liability, credit loan / loan account cover) provides liquidity to execute a prior agreement or stabilise cash flow - if policies, beneficiaries, and valuations match the legal structure. AS Brokers specialises in this sequence: contract first, insurance funds the agreement.
FSP 17273 · Legal and valuation partners where required
Core structures we work on
- Buy-and-sell (or similar shareholder protection). A binding agreement sets how shares are priced and transferred; policies fund the purchase so survivors keep control and estates receive cash. Poor valuation clauses and outdated ownership details cause failures - we stress-test these with your attorney.
- Key person insurance. Pays the company if a person critical to revenue or operations dies or becomes disabled (per definitions). Sum insured should reflect recruitment cost, lost margin, and contractual exposures - not an arbitrary round number.
- Contingent liability / surety-related cover. Where directors signed personal sureties, death can trigger lender calls. Specific contingent products may apply - underwriting and bank coordination matter.
- Loan account and credit protection. Debit loan accounts on a shareholder's death can strain both company and family. Insurance and agreement design should reflect who owes whom and how debt will be settled.
Employee group risk and pension arrangements are quoted per scheme rules; scope varies by headcount and insurer.
Who should prioritise this conversation
Founders with multiple shareholders, any board member with personal surety, businesses with large intangible value tied to individuals, and companies with sizeable intercompany loans. If your balance sheet or shareholders' agreement changed since policies were taken, a review is overdue.
Pair with commercial short-term cover so operational and ownership risks do not duplicate or leave voids.
Compliance and realism
We do not promise that cover will pay in every scenario - claims depend on event definitions, disclosure, and policy maintenance. Premiums follow underwriting and may be revised. Where valuations are material, we expect independent professionals to sign off figures used in agreements.
Regulatory note
This material is general; implementation requires legal agreements you sign with counsel. AS Brokers CC is FSP 17273. Long-term insurance is subject to Policyholder Protection Rules and insurer-specific terms. Read disclosures.