Business Protection

Rutherford Hughes Ltd provides business owners with corporate financial planning advice in addition to looking after their own personal finances.

We work in conjunction with your company’s other professional advisers, including your accountants and solicitors, and ensure that our clients receive a coherent and comprehensive solution to their business needs with a good business protection plan.

Key Man Insurance helps safeguard a business against the financial effects of a critical illness, a terminal illness or from the death of one of the businesses key people. A ‘Key Man’ is an employee whose death or continued absence would affect the profits and the running of the business.

Shareholder protection is a form of insurance which protects the company and company shareholders against the critical illness or death of an owner or shareholder in the company.

In the event of a business owner or shareholder dying or being diagnosed with a terminal or specified critical illness, share protection can provide a lump sum to the remaining business owners. This means that in the event of a valid claim being made during the length of the policy, the lump sum could be used to help purchase the deceased partners/shareholding directors/members interest in the business.

A Relevant Life policy is an individual ‘death in service’ life policy. It is a term assurance plan which pays a lump sum benefit to the insureds loved ones, if they become terminally ill or die during the term of the plan.

Agricultural and Business Relief (BR) are a tax concessions applied to an entity where the value of the assets is excluded from the inheritance tax calculation on the value of an individuals’ estate.

For a staff member, an executive pension plan is good reason for staying with an employer and makes them feel valued. It is a tax efficient way for the employer to provide staff with an employment package. Executive pension plan contributions are allowable against Corporation Tax and carry no National Insurance charge, unlike salary.

Click the services for more information: