Business Protection
Submitted by bdoieadmin on Tue, 2011-09-27 11:46
When you are responsible for the future success of a business either solely, or as part of a management group, there are many circumstances that can have damaging and lasting consequences for your business.
Have you considered the following:-
- How would your business survive the death of one of your fellow directors or partners?
- What would happen to their share of the business?
- Would control of your business fall into other hands?
- If you die what will happen to your share of the business?
- How will your family survive financially?
- Can the business survive the death or serious illness of key employees?
- What would be the cost of replacing one of your key people?
Whether you are a shareholder/director in a private company, partner in a professional practice or a sole practitioner, the consequences of the above can have far reaching implications.
Adequate business protection cover is the only way to ensure funds will be available to alleviate these difficulties and ensure the continuity control and survival of the business while also providing financial security for your family.
For further information or advice on business protection, contact a member of our wealth management team.