As a successful business owner you’ll be used to managing the risks to your business. However, have you considered the impact on your business of losing one of your key people; a valuable employee, co-owner or partner? And what would be the impact should anything happen to you?
Our business protection experts can help you develop a strategy and put appropriate plans in place to give you peace of mind that should the worst happen, your business will be protected.
Business Continuity Planning
Shockingly, 53% of businesses think they’ll survive for less than a year following the death or serious illness of a key individual*. Yet many businesses aren’t adequately protecting themselves against this people risk.
- Have you considered the financial impact on your business of the death or serious illness of a key employee (including you)?
- What would happen to any loans which would need to repaid on the death of an owner or director and does the business have the money available to meet this liability?
*Source: L&G Business Protection Report April 2017
Do you have the right strategy and protection in place?
If your business partner or co-owner died suddenly, you’d want to make sure their shares ended up in the right hands.
- If a fellow business owner died or became critically ill, would you want to retain total control of your business?
- Would you want your loved ones to receive the value of your share of the business in the event of your own death?
Putting a ‘Business Will’ in place in conjunction with adequate life insurance protection will help to ensure your shares and money end up in the right hands.
How we help
Our team of business protection experts can advise you on how to set up the appropriate protection for you, your people and your business.
Find out more
Help and Information
For help and more information please contact Mercer Jelf Financial Planning on 0330 134 7052
*Calls will be recorded so that we can meet our regulatory requirements