19/02/2023
Life is full of risks. To guard against them, we insure our homes, cars and possessions. We do the same at work, insuring ourselves, our employees and our assets from accidents and potential claims made against us. But although some risks are obvious, others are not and if the worst were to happen, could mean you lose control of your business or lose it altogether. The risks involve co-owners and shareholders, key people and loans.
If you are a co-owner of a business, either as a partner or a shareholder, one thing you should certainly consider is ‘shareholder protection insurance’. If your partner dies, the partnership would automatically be dissolved; if they are a shareholder, their share of the business may be inherited by someone who either has no interest in the business or doesn’t have the time or skills to make it a success.
How can I help you?
I will work with you to plan an appropriate protection strategy, recommend the best products from across the whole of the financial services’ market, help implement the protective safeguards you need and provide a periodic review. It’s all about ‘risk management’, knowing the risks you face means you can protect your interest in your business.
If you’re looking for help with any aspect of protecting your business, please give me a call on 07734 776932
One Financial Solutions Ltd is an Appointed Representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://buff.ly/2uJxE64) under reference 607130. Registered office: Chapter House, 33 London Road, Reigate, Surrey, RH2 9HZ. Registered in England & Wales No: 08141263