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Whenever one’s in business, there’s always risk. An unexpected death or a disability case can hurt the business you’ve worked so hard to build. Banks may call in loans, surviving business owners and the deceased’s heirs may get tangled in ownership battles, or client’s may lose confidence and leave. RBS offers Business Assurance or Key Man insurance to cushion any of these unexpected blows.
Should a key employee die, your company may be at risk and liabilities can pile up. Business Assurance from RBS makes sure that there is enough capital to see you through the rough patch.
If a shareholder or partner dies, in terms of the buy-and-sell-agreement you are required to purchase their shares and/or repay any loan accounts. This product makes sure that you have the capital you need to carry out these transactions.
Want to talk more? Speak to one of our expert brokers on
0860 072 765