If you run your own business then you will know just how important you and your key personnel are to the everyday running of the business. What would happen if one of your fellow directors were to die or suffer a critical illness, could the business survive? Have you put in place a plan to buy back a directors shares which would usually automatically pass to their spouse? Too many business owners have not put in place the necessary protection to ensure that their company can survive in the event of the unexpected.
Types of Business Protection
There are 3 main types of business protection:
We have explained them in more detail on this site and you can find out more by clicking the links above, however, all businesses are different and business protection is a really important area that should be given the attention it deserves. At Fox Davidson we have implemented cover for many businesses in the South West and we will meet with you and your business partners to understand your situation and your concerns and will help you to identify any areas that will need protection.
Following an initial meeting we will provide your business with a full protection plan to ensure that you can continue to trade in the event of a claim. Furthermore our advisers will be on hand at the time of a claim to help with the claim process.
If your business has outdated protection or you have not yet put anything in place then email contact us
We look forward to working with you and your business.