Many companies ensure that they provide insurance protection for their premises, the stock, computers and desks. However, a high proportion fail to insure the most valuable asset – the person who sits behind the desk! The sudden death of a Director, the Sales Manager, or any other employee, may place an immediate financial burden on the company's finances at a time when it may be at its most vulnerable. It can be relatively inexpensive to insure those "Key" employees, and could help to reduce the worry of such events occurring.

It is also vital to ensure that in the event of the death of a shareholder, the deceased's survivors receive a fair value for his or her shares in the business, and importantly, that the other co-directors have the cash available to facilitate this.

HGR have helped many corporate clients to assess their vulnerability to such events by way of a Financial Health Check. This has allowed the Directors to focus their talents on running the business, safe in the knowledge that if such a catastrophe were to occur, they could mitigate some of the effects.

It is also vital to consider the possible short and longer term effects of a key person being diagnosed with a specified critical illness - this may well have a severe impact on the company and its ability to continue trading.

We have solutions available to virtually all of the eventualities, and will use our wealth of experience to offer advice on a range of plans to suit your requirements.

Life Assurance and / or Critical Illness cover, and the cost of providing this is based on assessment of the age, sex and health of the applicant(s). It is likely that any pre-existing medical conditions(s) may not be covered under a new contract.