
Business Protection
Regardless of whether you are a self-employed sole trader or the owner of a small business with several employees, having business protection in place is crucial. This type of protection ensures that, in the unfortunate event of a death or serious illness, your business can continue to operate smoothly without significant disruption. By securing your business, you can provide peace of mind for yourself and your employees, knowing that operations can carry on even during challenging times.
Alot of business owners tend to overlook the potential ramifications that death or illness can have on the operations of their company. However, it is essential to recognize that these unfortunate events can lead to considerable financial consequences. For instance, you may find yourself in need of funds to cover ongoing loan payments, compensate for lost profits if a Key Person is unable to fulfill their role, or hire a temporary replacement to ensure that the continues to run smoothly.
Moreover, it is vital to contemplate the broader implications of losing a business owner. Questions arise such as who will step in to manage the business during their absence? Who will inherit their shares, and will that individual have the desire to take over the business or opt to sell it to a third party? In addition to these considerations, as a responsible business owner, you might also want to think about providing additional benefits for your employees. For example, offering a life insurance policy could be a thoughtful gesture, as it would provide a lump sum payment to their family in the unfortunate event of their death, ensuring their loved ones are supported during a difficult time.
TESTIMONIALS
"Top service. Paul went above and beyond and I highly recommend him. We were abroad at the time of application but the application was stress free thanks to Pauls responsiveness, he always took time to explain everything even over the message which I appreciated due to time difference. Mortgage was approved by the time we returned."​​​
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4th Jan 2024
Darina Hab
"Myself and my wife are incredibly happy with Paul's service, he has been amazing, being first time buyers we had no clue where to start and he guided us through everything and took the stress out of the entire situation. Paul's communication was fantastic and he kept me in the loop always and went above and beyond in finding us the right mortgage. Thank you again Paul you've made us both very happy"
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6th Sept 2024
Brad Bradley
"I would highly recommend Paul, he made the whole precess so easy and straightforward. He would explain everything simply which made it much easier to understand and take in. Excellent mortgage advisor!!"
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11th Jul 2023
Shauna Bagenal