Protecting your Business How would the business manage if a key member of your team – or you – were unable to work or worse still passed away? What plans do you have in place to keep the “show on the road”?   How would your business manage if one of the key people was suddenly unable to work in the business? Could remaining business partners manage the work load? Would they be able to buy out the shares of the remaining spouse – and if so where would the get the money, and how easily would they get the money? How would your suppliers react? How would the bank react? How would your customers react?   We provide a range of business insurance options… Many businesses put in place insurance to protect the value of their stock, the buildings and the motor vehicles. But what about the people that work in the business – that have key relationships with suppliers and customers, and years of knowledge.   Taylor Made Insurance Solutions can help you to develop a plan for your business. Debt protection If a business owner suffers a severe disability or dies prematurely, the proceeds from a claim can provide you with the cash to repay all or a significant part of the debt. For example, if as business, you have borrowed $1,000,000 to expand the distribution of your services, and one of the business partners dies prematurely or becomes disabled, the remaining partners will be left with all of the debt. Appropriate levels of insurance with the … Continue reading Protecting Your Business