Why a high income doesn’t guarantee you’ll retire early
17th December 2024
Business Risk Insurance
As a business owner, you spend your working life focused on succeeding.… but who will succeed you?
When it’s time for you to let go of the wheel, or if something happens and you’re forced to, who will take your place? And more importantly, how? And how well? Business succession requires a lot of careful planning and a great deal of experience to navigate the many shoals and reefs that stand between you and a successful outcome. Here are just a few of the main elements that typically need to be put in place to ensure the business transitions smoothly and without losing value.
Business Insurances
Many of these contingencies can be covered by business insurance policies:
Key person insurance
Buy/sell insurance
Business continuance insurance
But precisely what type of cover do you need?
Who are the best insurers?
What are the tax implications?
We’ll help you navigate these questions with your Accountant and Solicitor to ensure you’re covered should something happen to you, your business partner or key staff.
To discuss your business risk insurance needs please contact one of our qualified Financial Advisers at AdviceWest on 08 6275 7704.