Risk Management
Success in business is underpinned by a fail-safe risk management strategy. It provides the foundation for doing what you do with confidence, reassured in the knowledge that should something unforeseen happen, business and financial difficulties won't be added to the distress of what would already be a difficult time.
We can help you make sure that you have all of your bases covered. Through our association with Professional Insurance Solutions Australia (PISA), we can arrange a balanced, independent review of your risk insurance needs, including:
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Income protection
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Life insurance
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Total and permanent disability (TPD)
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Key person insurance (for when you lose critical personnel)
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Business expenses insurance (to cover your expenses in the business if an illness or accident results in a loss of revenue, leaving the business unable to cover its costs)
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Business succession insurance (or Buy/Sell cover, which provides the financial means for one owner to buy out the interest of another, in the event of death or injury)
Risk management is, however, about more than just insurance. The death, permanent disablement or serious illness of a key person can have a range of business implications - financial, legal, taxation - and so it's important to make sure that you are prepared for anything, before it happens. You need legally binding agreements in place as to how the business should operate in your absence, how ownership of the business should be transferred (if necessary) and at what value, and how that transfer should be funded. We can help you to arrange all of this, ensuring that your financial well-being is disaster-proof, come what may.
Call us for a complimentary review of your risk management strategies on (08) 8291 7900.