Business
In today’s fast-moving corporate environment, where business goals regularly shift to meet the constantly changing economic climate, it is more important than ever that companies engage in sound commercial planning, to safeguard future growth.
From commercial loans to partnership protection and key man insurance, there are a wealth of different products on the market. And with many different types of lenders and investors, it is advisable that organisations seek expert commercial advice in this complex and specialist field.
At Salisbury House we have a team of advisers who are specialists in the field of commercial planning and can help and advise you on the best ways to assist in your company’s growth strategy, whilst protecting it against unforeseen circumstances.
Group Pensions
Setting up corporate pension schemes and managing their impact on company finances is a specialist business and one you want to get right for your organisation.
With so many ways of managing your group pension scheme finances, whether through investment policy, contributions or other approaches, it is important that you seek specialist advice to ensure you make the right choices for your organisation and your employees.
At Salisbury House we offer complete and focused pensions advice in what has become an increasingly complex market. We help you understand the various options so you don't get any unexpected surprises and you make the most cost-efficient and appropriate investments.
Partnership Protection
Ensuring that your organisation is adequately protected against the death or serious illness of a business partner is vital, particularly for small or medium sized companies.
Life insurance and critical illness policies can be taken out by organisations for just this purpose.
Partnership life insurance policies pay out in the event of a partner’s death, enabling the remaining shareholders to buy back the deceased shareholder’s business interest, thereby compensating the beneficiaries for the monetary value of the shares whilst keeping the shares within the partnership.
Similarly, in the event of critical illness of a shareholder of a joint business, insurances are available which pay a lump sum, for the purpose of returning the business interest to the remaining partner.
Key Man Insurance
If your organisation depends on one key individual for a significant contribution towards your company's profit, you may want to think about Key Man Insurance, to protect against the loss of that individual.
Key Man Insurance pays out a lump sum upon the death of the named 'Key Man', enabling the organisation to meet its financial commitments.
The value of the insurance depends on the contribution to profit that the individual makes and the resulting losses that the company would incur in the event of their death.
At Salisbury House we offer advice on Key Man Insurance and we will assist you in determining the value of your 'Key Man'.
Death In Service Benefit
For senior executives and long term service personnel, group pension schemes often incorporate a Death In Service Benefit, whereby family and dependents of employees who die in service receive benefits.
The benefits payable by a Death In Service scheme are in the form of either a lump sum or a pension payable to the employee's widow(er) or dependents.
Whilst some Death In Service schemes solely provide this benefit, others also give benefits on retirement.
Death In Service Benefit is a complex area and one in which Salisbury House specialises. We will work with you to understand your objectives and find the most effective and efficient scheme for your company.
Call Salisbury House today on 0116 288 2202 for specialist advice or a quote or simply complete our online enquiry form – we aim to get back to you the same working day.
