A business owner should consider insurances such as Key Person, Shareholder Protection, and other types of cover as they provide financial security, continuity, and stability in the face of unexpected events. It is important to know that if the worst were to happen the business would not be struggling in the event of death or serious illness or the owner or key employees. Like personal insurance, business insurance provides a financial safety net in case the unexpected happens.
Protection is a key component of building a holistic financial plan and gives individuals peace of mind.
Insurance can provide a much needed cash injection to help the company stay afloat, cover lost revenue, or recruit a replacement. Having the right type of business insurance shows that the business is well-managed and risk-aware which builds trust and reassurance of the investors and stakeholders of the firm.
This type of insurance will ensure businesses can continue with as much normality as possible during potentially unstable times.
Business insurance plays a key role in managing risk and ensuring continuity. If a firm has committed liabilities, payroll or stakeholders / investors who have invested into the firm it is important to know there is security in the event of death or serious illness of key staff.
Broadly speaking, the main types of protection we specialize in are:
The level of cover required is different each time and needs to be considered in line with a firms budget, size and key staff / stakeholders.
Get in touch to see how our expert wealth management services can help you grow and protect your assets, and start planning for your future.
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