Business Cash Flow Protection
Small to medium businesses have a common problem – They tend to be reliant on one or two key individuals within the organisation. Most accountants agree that the majority of businesses fail when the key income generator stops producing the life blood – cash flow and profits!
- Banks and creditors become hostile.
- Borrowings increase to cover the losses.
- Confidence drops and future contracts are lost.
Without a funding mechanism in place the end is near and years of sweat and toil come to nothing.
In an ever increasingly competitive market, funding the inability of the 'keyperson' to not only maintain profits within the company but also maintain business momentum for future growth. Insuring the keyperson against the inability to work in the business will:
- Inject much needed capital.
- Maintain credibility for creditors and lenders.
- Make future contracts and earning more certain.
- Fund the replacement of stand-in expertise.
The Process
- Complete an in-depth 'needs analysis' of the risk to the business.
- Consult with other professionals on appropriate structures and planning.
- Restructure the organisation and personal situation to protect assets and minimise loss when it happens.
- Implement a temporary funding plan until self-reliance is achieved. Utilising complimentary and appropriate contracts.
Family Protection
Protecting You, Your Family, and Dependents
Have you considered protecting yourself and your family against suffering the financial effects if you have a critical illness or died? Even if you have life cover with your mortgage, this will usually only be enough to clear the outstanding debt. But what about the all the other day to day costs that a typical family has to meet? Utility bills, food shopping, rates, car insurance?
Would Your Family and Dependents Cope?
How would your family cope if, for example, one parent contracted a serious illness and was incapacitated for a prolonged period of time? Without the appropriate cover your family may not be able to maintain their standard of living and keep up your commitments which could ultimately lead to you losing your home.
You may have some life cover with your employer but it may not be enough and will only remain in place whilst you are in that employment. It is an unpleasant subject to have to think about but it is important to know the facts.
Plan ahead
We can never be sure what the future holds. That's why it is vital to plan ahead.
