Protection is something that can often be overlooked.
Ask yourself how your family would manage if you were too ill to work or died suddenly? How would they cope if you were no longer around to financially support them?
How would your business respond if a key employee was diagnosed with a critical illness or died, or if your business partner became too ill to work or died suddenly?
If this were to happen, who would be in control of your business and what impact this could have on future profits and the businesses’ overall valuation?
You cannot prevent these circumstances from occurring, but you can ease the unexpected financial implications by arranging adequate protection.