Your BUSINESS

If there’s a medical misfortune to a key person, the business needs to continue functioning!  Every business, large or small requires a risk mitigation assessment.   

Well structured business insurance helps keep your business functioning and protects the value of your business in the case of an unplanned medical event.

There are four basic protection needs that are typically suitable to business:

AssetProtection (business debt)  – funds to replay business loan commitments

Asset Protection (shareholder/directors or beneficiary loans) – these loans are often on call – an executor of an estate may call upon them, and the business may face severe liquidity problems.

Revenue Protection - key people in the business may produce the majority of the revenue. Considering the effects on the business is important, replacement may be time consuming and costly.

Ownership Protection – the business may be left to beneficiaries without the skill or desire to contribute to the business. Or continuing owners may not have the funds to purchase the share or agree with the price.

The key to good protection is:

the right amount of money

for the right person, at the right time…..

 

Call Estate Risk Solutions on 1300 883 139 and discuss options available for You, Your Family and Your Business TODAY!