Monday 7 October 2013

Key Man Assurance - What would happen to your business if . . .


What would happen to your business if.... 

As a business owner you will have worked hard to build your business over the years and whilst you may have established and continue to maintain suitable cover for tangible assets such the business premises. The most important assets within your business often remain uninsured, that is, those individuals who drive the business forward and produce the income that makes the business viable. 

Business is often built upon individuals and the need to establish life cover for key individuals is a common over-sight, often seen as a luxurious extra for the well-off rather than a must have to protect the business. We see it as the latter, an essential in protecting the business revenue streams against the worst scenarios. Cover can be set at a level so to cover lost revenue, recruitment and training costs and can be established for a yearly review or for longer periods, such as until the life assured retires. Which ever term opted for or the amount insured, for a relatively small monthly outlay (that could attract tax relief) your business continuity is protected and if the worst case happens the business can continue. 

To discuss your options please call (01932) 830664.      

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