Business Continuity & Risk Management
To ensure your business preserve its longevity, we develop strategies to ensure an effective ‘unplanned’ succession plan is in place to protect business owners, shareholders and key people. It helps guide stakeholders through the critical interactions between the business and personal financial goals.
Succession planning
Having the right cover in place with tax effective ownership structure that align with your Shareholder Agreement and Buy Sell Agreement is critical. This will help facilitate buyouts during unexpected leadership transitions due to major illness, permanent disability or death, ensuring shareholders’ interests in the business are protected.
Key Person Protection
If your key person in the business unexpectedly left due to major illness, permanent disability or death, key person protection can cover lost revenue, training and the cost of hiring temporary / permanent replacements. This helps to ensure your business operations can continue without any adverse financial impacts following the unforeseen event.
Group Protection
Businesses with more than 10 employees can obtain Group Insurance Policies for the purpose of Succession Planning, offering all stakeholders insurance covers at wholesale premium rates without medical underwriting. These benefits can also be extended to your employees for staff retention purposes.