The Importance of a Buy/Sell Agreement
If you run your business in a partnership, have you thought about what might happen if a key shareholder passed away or became too disabled to continue working in the business? It is important to ask yourself how your family, or theirs, would be paid…
Key Person Insurnace
Have you thought about what would happen to your business if a key shareholder or employee were unable to work due to death, a serious illness or accident? If your business relies on a small number of key people for a majority of business revenue,…
What happens to your business debt if you unexpectedly lose a shareholder?
Many businesses use debt as a form of finance. Usually, in securing this debt the bank or lender would require a personal guarantee from one or all of the business owners. If one of your business partner’s suffered a serious illness and couldn’t keep working…
Tips to help you reduce your income protection premiums
Income protection premiums are calculated using a range of variables. What variables you select on your policy, as well as your age and occupation can affect the cost of your cover. Below are the main options that will affect the price you pay. 1. The…