There are many businesses in Sligo, Leitrim, Mayo and Donegal that make the North West a thriving region. Most businesses will insure the assets in the business namely, plant, machinery, buildings contents etc.
But are you in danger that you are not insuring your biggest asset in your business – the people who run the business?
No matter what business sector you operate in, your company's ongoing success and development will often hinge on a number of leading individuals, be they key personnel, Directors or business Partners. Without them, the future sustainability of the business could be in jeopardy.
What would happen to your business if you were to lose one of your key personnel, Directors or Partners through their premature death?
It's not a thought anyone likes to dwell on, but the unfortunate reality is that it happens all the time.
The ultimate aim of a Business Assurance policy is to allow you to put structures and monetary arrangements in place now, to protect your business financially following the death of you, or one of the leading figures in your organisation.
Most importantly, by having a policy in place you have a cash sum available to deal with the adverse business scenarios caused by the death of you or a colleague, such as:
A reduction in company profits
Paying your company bills, hiring a replacement or paying outstanding bank loans
Purchasing a deceased Partners or Directors share of the business, and ensuring their estate receives the shareholding's market value
Do not leave this on the long finger. Talk to us today and we will create the right plan for your business
Flanagan Ford Ltd t/a Flanagan Ford Financial Advisers are regulated by the Central Bank of Ireland Property Services are not regulated by the Financial Regulator | Terms of Business