Optimum business planning starts with a solid foundation and agreement. Part of this means protecting your business, it’s clients and employees. Unfortunately, many people simply do not have the protection they really need.
The principals or key persons of a business should protect the business from losing them, as this may mean the principal’s relatives ending up owning part or all of the business and could also mean the loss of the most important people in the business operations. Whilst insuring ourselves against undesirable events such as sickness or death may be a confronting exercise, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.
There are a wide variety of protection policies available these days, care and guidance must be sought to source the right protection for your business needs. Here at Finwell, we have the right expertise to guide you and develop the right risk management plan to safeguard your interests.