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01773 771380

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We are specialist independent advisers who provide FREE advice and quotations by email for Key Man, Relevant Life, Shareholder and other types of Insurance, whether for Directors, Key Employees Shareholders, Partners or on a personal basis.

We do not employ any sales people, but offer a more personal service from an expert business protection adviser. This allows you to make an informed decision in your own time.

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What is Shareholder Protection Insurance?



In the interests of financial security, business stability and continuity, it is essential for private limited companies to provide a safety net following the death of a shareholder.

Shareholder Protection is usually put in place to ensure that, on the death of a shareholder, their shares are available for the other directors to buy and there is sufficient cash available to buy the shares.

This is normally done by:

  • Taking out a life insurance policy for each director to the value of their shares.
  • Placing these life insurance policies in trust so that any payout is available to the remaining shareholders without any tax implication
  • Setting-up a Cross Option Agreement between the shareholders so that if the options are exercised, the holder of the shares must sell them and the other directors must buy them

The risk of not setting up some Shareholder Protection are as follows:

  • Shares may go to the deceased’s family, which has no interest in the business and may prefer a cash lump sum
  • The company or other shareholders may not have the resources to retain control by buying the deceased’s shares
  • The shares may be taken over by someone who does not share the company’s objectives, and they may even be a competitor

We can advise you on the best arrangement for your business, and put the necessary policies in place. We can also provide ‘draft’ cross option agreements.

The assessment and quotation service we offer is completely FREE and you are under no obligation to purchase.


About Keyman Adviser

We are a specialist broker who provides free independent advice and quotations by email every day for Key Man, Relevant Life and other types of Insurance, whether for Directors, Key Employees, Shareholders or Partners.

We do not employ any sales people, but offer a more personal service from an experienced business protection adviser. This allows you to make an informed decision in your own time.

Contact Us

Contact Us

Telephone:01773 771380

Email:office@keymanadviser.co.uk

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Authorised and regulated by the Financial Conduct Authority. KeyMan Adviser Ltd is entered on the Financial Services Register https://register.fca.org.uk under reference 767408.

Keyman Adviser Ltd is registered in England & Wales, Company number 09727139, Registered Address: 91 Nottingham Road, Selston, Notts, NG16 6BU

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK


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