People are the most important part of any business. Your team’s skills and experience keep your business running smoothly. But what would happen if their expertise was lost?
The illness or death of a key employee can have a potentially disastrous impact on a business, such as:
Our experts will advise on putting the correct insurances in place and ensure that they are regularly reviewed to reflect your changing business.
Our aim is to make sure that you and your business are secure in the event that something should happen to you. We can make sure that your financial obligations and responsibilities are met without having to sell any of your assets, ensuring peace of mind.
“It is key to plan for the unexpected so that the business doesn’t falter, even if you or someone key does."
Our Financial Planning team will discuss and explore with you your particular circumstances, with the aim of developing a strategy so that appropriate arrangements and protection mechanisms are in place should anything untoward happen.
If a crucial individual is not able to come to work, what happens? Is there a safety net?
We will advise on the best way to provide one. We can arrange the most appropriate security for your business to provide for emergency costs and, if necessary, temporarily or permanently replace people, protecting your business for the future.
Get in touchLife cover – what is it?
Life cover – why have it?
To protect loved ones from financial worries, should the worst happen. You insure your car; shouldn’t you insure your most valuable asset – yourself.
It is also a tax efficient benefit which can be offered to business owners and employees.
Why think about it?
It’s an important financial planning solution for:
Small businesses
Often small business don’t have enough employees to be able to offer a group scheme. However, relevant life cover can be on an individual basis. Therefore, a small business can take advantage of the tax efficiencies generally enjoyed by larger companies.
The death of a shareholder can shake the foundation of a business. Uncertainty or even disputes over how the business continues can cause long-term instability.
We develop strategies to allow shareholders to purchase or dispose of holdings belonging to the deceased shareholder. By surveying the whole of the market, we can implement cost-effective cover to provide interim stability and business continuity.
Contact usWhether you know what you need or just want to explore your options, we're here to help.
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