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THE ALLIOTT INVESTMENTS UPDATE MAY 6, 2011 PROTECTING YOUR BUSINESS BY PROTECTING YOUR KEY PEOPLE Every business owner is likely to agree that having the right insurance plan in place to protect their key people, their employees and their on-going expenses, makes good business sense. At any stage of your business, it’s important to think about what additional protection options you should include- especially if your business expands and the need to employ more staff becomes more prevalent. Some important details to think about: • Every staff member in your business is important – however there may be some that are critical to your trading operations. How would your business cope if it was to lose a key person? • Could your business continue to meet the contractual repayments on all business debts and repay the total outstanding amounts if you, one of your co-workers or one of your key staff suffered a major health trauma, become totally and permanently disabled or died? • It is also very important to know what would happen to the ownership of your business, in the event you or one of your fellow owners suffered a major illness or a serious accident. These are real risks that can be reduced through careful planning to help ensure you have the required cash flow and capital resources, together with a plan to follow should the unexpected happen. To create or review your plan call our business risk specialist Gerard Gill at Alliott's on (09) 520 9200 or email him here. Disclosure Statement for Gerard Gill Click here for directions to our new offices 142 BROADWAY P.O. BOX 99 841 NEWMARKET AUCKLAND 1149 Tel (09) 520 9200 Contact us by email Directors Greg Millar CA (pp) Vanessa Williams B Com, CA (pp) |
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