Maintaining Control
Prevent the deceased partner's family from becoming unwilling business partners. Buy out their share at fair value while keeping decision-making in experienced hands.
Partnership Protection
When your business partner dies, their share passes to family members who may have no interest in your business. Partnership protection insurance gives you the funds to buy them out and maintain control.
Agreements, Insurance, and Trusts can be established to protect the business against the financial and practical implications of a partner's death or specified critical illness.
Trusts are not regulated by the Financial Conduct Authority.
This information is for guidance only and does not constitute financial advice.
Partnership protection insurance guide
When partnerships face unwanted inheritors, most business partners trust each other completely
but haven't planned for what happens if one dies. The deceased partner's share automatically
passes to their family, who become your new business partners whether you like it or not.
We help partnerships protect against losing control to disinterested or hostile inheritors.
What partnership protection insurance can do for your business
- Provide funds to buy out the deceased partner's interest at fair market value
- Prevent automatic dissolution of the partnership structure
- Protect against hostile or disinterested family members becoming partners
- Maintain business continuity during a difficult transition period
- Compensate the deceased partner's family without affecting operations
- Avoid selling business assets to fund the buyout
When a partner dies without protection in place, their family becomes your business partner whether anyone wants that arrangement or not. You need immediate funds to buy them out fairly.
Partnership protection keeps decision-making in the hands of people who understand the business, while ensuring the deceased partner's family receives fair compensation without ongoing involvement.
Different partnership structures require different approaches. Traditional partnerships may dissolve automatically on death, while LLPs continue operating but with new members you didn't choose.
Knowing you can maintain control of your business lets you focus on building it rather than worrying about what happens if your partner isn't around.
Common reasons for partnership protection
Fair Compensation
Give the deceased partner's family immediate cash rather than ongoing involvement in a business they may not want or understand how to manage.
Business Continuity
Ensure the business continues operating smoothly without disruption from family members who may not understand the industry or share your vision for growth.
Loan Security
Many business loans require personal guarantees from all partners. Protection insurance can cover these obligations if a partner dies unexpectedly.
How we help
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
Testimonials
Trusted by partnerships across the UK
We've helped partnerships maintain control while ensuring departing partners' families are treated fairly.
How can we help protect your partnership?
Tell us about your partnership structure
We'll help you work out the right amount of cover and structure arrangements that protect everyone's interests.