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Business Protection & Corporate Cover
in Dundee & Tayside
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Why Business Protection Matters
If a director, shareholder or key employee becomes seriously ill or dies, the financial and operational impact can be significant.
Questions business owners often don’t ask early enough:
• What happens to shares if a shareholder dies?
• How would the business cope financially if a key person is lost?
• Could remaining shareholders afford to buy out a deceased partner’s shares?
• Are employees properly protected?
• Is the business structured efficiently for succession?
Business protection planning provides clarity before a crisis happens.
Why Use MML ?
- We discuss your business structure and risks
- We introduce you to Ali Tod at Scott Fyffe Wealth Management Ltd for FCA-regulated advice
- MML Law can assist with shareholder agreements, partnership agreements and legal documentation
- Everything is handled discreetly and professionally
- You work with local advisers who understand the Dundee and Tayside business landscape
Running a business means carrying responsibility for staff, shareholders, partners and your own family.
The right protection structures can safeguard your company if something unexpected happens, protect shareholder interests, and support employees properly.
MML Wealth can introduce you to FCA-regulated business protection and employee benefit advice through Ali Tod at Scott Fyffe Wealth Management Ltd. Legal structures can then be supported by MML Law where required.
Shareholder Protection
If a shareholder dies or becomes critically ill, their shares may pass to family members who may have no involvement in the business.
Shareholder Protection is designed to:
• Provide funds for remaining shareholders to buy back shares
• Ensure control of the company stays with active directors
• Protect the deceased shareholder’s family financially
• Avoid disputes or forced sales
Legal shareholder agreements are critical alongside any insurance structure. MML Law can support the legal documentation while regulated advisers handle the protection advice.
Business Protection (Corporate Level)
Business protection planning may involve:
• Shareholder protection arrangements
• Partnership protection
• Loan protection
• Succession planning structures
• Trust arrangements where appropriate
• Coordination with company articles and agreements
This is not “one product”. It’s structured planning around risk and continuity.
Group Life Insurance
Group Life schemes provide a lump sum to employees’ families if they die while employed.
They can:
• Enhance employee benefits
• Support recruitment and retention
• Provide financial security for staff families
• Demonstrate employer responsibility
Often structured as part of a broader employee benefits strategy.
Group Pension Schemes
Group pensions (including workplace pensions) allow employers to:
• Meet auto-enrolment obligations
• Support staff retirement planning
• Contribute competitively to employee benefits
• Structure pension arrangements efficiently
For directors and business owners, pension contributions may also form part of long-term planning subject to regulated advice and tax considerations.
Key Person Insurance
Some individuals are financially critical to a business founders, rainmakers, technical leads, or key relationship holders.
Key Person Insurance is designed to:
• Provide funds to stabilise cashflow
• Cover recruitment costs
• Offset lost profits
• Support lender confidence
• Protect business valuation
The right structure depends on the size and risk exposure of the business.
Relevant Life Cover
Relevant Life policies are typically used by small businesses or directors as a tax-efficient way (subject to circumstances and advice) to provide life cover through the company.
They are often used where:
• A director wants personal life cover funded by the business
• The company wants a tax-efficient structure (subject to HMRC rules)
• Traditional group life is not suitable
Suitability and tax treatment depend on individual circumstances and regulated advice.
Why Use MML ?
Business protection works best when legal and financial planning are aligned.
With MML:
• We discuss your business structure and risks
• We introduce you to Ali Tod at Scott Fyffe Wealth Management Ltd for FCA-regulated advice
• MML Law can assist with shareholder agreements, partnership agreements and legal documentation
• Everything is handled discreetly and professionally
• You work with local advisers who understand the Dundee and Tayside business landscape
Do MML provide insurance or financial advice directly?
No. MML Law is not authorised or regulated by the Financial Conduct Authority. We introduce clients to Ali Tod at Scott Fyffe Wealth Management Ltd, who provide FCA-regulated advice.