Worst Case Scenarios: What Happens When Your Business Is Not Protected?

There are a number of things in business that we can predict, or at least make an educated guess about. Things like rising costs of gas and electric in the winter, a downturn of sales on out of season products and predictable staff absences with the changing of the seasons. And when you can predict, you can mitigate, but not everything in business is as easy to anticipate. Continue reading “Worst Case Scenarios: What Happens When Your Business Is Not Protected?”

How To Decide Who Is A Key Person

As a business owner, you will be aware that there are some people working for your company who could be described as indispensable. These are the people who, if they are unable to work, would cause serious cash flow or operational problems for your business. Key person insurance helps to protect your business from issues like this.

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Key Person Insurance – What You Need To Know

Many businesses operate with a fairly small team of senior managers, meaning that the loss of one of these people could seriously impact the viability of the business. We’re not talking people leaving the company, which can be planned for and militated against; we’re talking about sudden death or critical illness that will unexpectedly and suddenly take that person away from the company. Continue reading “Key Person Insurance – What You Need To Know”

Business Partnerships: What Happens If a Partner Dies?

There are few relationships in life which are held in as much esteem as a worthy business partnership. You’ve worked together for many years to build a successful business, and know each other like siblings. There is no greater asset to a company than the dedication and devotion of an amazing business partner; that is until something goes horribly wrong. Continue reading “Business Partnerships: What Happens If a Partner Dies?”