You probably have some or all of your wealth tied up in the business.
And although business may be going well today, you never know when life may take an unexpected turn.
Preparing a business risk protection plan to deal with unplanned events can ensure you protect everything you’ve worked so hard to create.
Just like a parachute, you only use it once so you want to make certain it works.
A Buy/Sell agreement and supporting funding arrangement helps ensure the Directors needs are met in the event of the involuntary departure of one of them (i.e. Death, serious illness).
Protecting your equity in the business
Protecting the harmony and continuity of business
Profitability is often closely linked to the input and performance of key individuals.
Key person cover provides a capital injection to the business in the event of the involuntary departure of a director or key employee (i.e. Death, Serious Illness or Injury).
The benefits of having an agreement and cover in place is in:
Income protection cover provides up to 75% of your Gross Income package in the event of illness or injury.
The benefits of having an agreement and cover in place is:
At the end of the day, a business protection plan is about sensibly managing risks to ensure that whatever happens, you protect the asset you have worked so hard to build, and the income it provides.
Our role is to help you make smart decisions in establishing your business protection plan.
How do we do this:
What is the most sensible way to go about putting a plan in place taking into consideration:
We will take control of implementation from start to finish, keeping you in the loop by regular communication with one or all directors along the way.
This is the start of a relationship that will continue to develop as your business grows. It will be important to regularly check in so your business protection plan is always relevant.
If something unexpected does happen, you will thank your lucky stars that we are on your team.
Our role is to help you understand if a claim is possible (especially where you think it might not be), and if so, to remove as much stress and hassle as possible. We look after all the administration and processing of your claim, to help you get paid sooner and ensure any business and family disruption is minimalised.
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