Healthcare
Add on support service ?
CORPORATE OR INDIVIDUAL STAFF BURNOUT ? POTENTIAL ADD ON SERVICE FOR YOUR CURRENT HEALTHCARE BUSINESS ?…
29.09.2022
WHAT WOULD YOU DO IF A KEY MEMBER OF YOUR STAFF PASSED AWAY?
Long River Finance
Insurance Broker
Sorry for the hard hitting question. But what is the answer?
Many business owners out there may think that they are invincible - I know I do, but I'm not, and neither are they.
In reality, even if you look into one specific figure; 1.35 Million people around the world die in car accidents every year - now that could be me, and it could be you. I wonder how many are business owners?
If you run your own business and you have key members of staff, do you think it's worth covering yourself against losing them? If a fellow shareholder passed away and their shares were left to their family (who have no idea how to run a company) and they suddenly come in and started 'running' the show - You might find that you don't have the financial capabilities to buy those shares from the ex-shareholders family, and they may even sell them to a third party! But if you have Shareholder Protection, which is a form of life insurance/critical illness policy then the funds would be released to the remaining shareholders to purchase the deceased members shares and the company would continue as normal - Its as simple as that.
It is just a thought I had, and it might be a thought you might need to have too.
If you want to discuss more ways to protect your business and you familles. Drop me a message.
I look forward to hearing from you.
Dan
Long River Finance
Many business owners out there may think that they are invincible - I know I do, but I'm not, and neither are they.
In reality, even if you look into one specific figure; 1.35 Million people around the world die in car accidents every year - now that could be me, and it could be you. I wonder how many are business owners?
If you run your own business and you have key members of staff, do you think it's worth covering yourself against losing them? If a fellow shareholder passed away and their shares were left to their family (who have no idea how to run a company) and they suddenly come in and started 'running' the show - You might find that you don't have the financial capabilities to buy those shares from the ex-shareholders family, and they may even sell them to a third party! But if you have Shareholder Protection, which is a form of life insurance/critical illness policy then the funds would be released to the remaining shareholders to purchase the deceased members shares and the company would continue as normal - Its as simple as that.
It is just a thought I had, and it might be a thought you might need to have too.
If you want to discuss more ways to protect your business and you familles. Drop me a message.
I look forward to hearing from you.
Dan
Long River Finance
Long River Finance
Insurance Broker
Hi Guys!
My name is Dan and I have been in the insurance industry for over 6 years and have helped thousands…
Would you like to promote an article ?
Post articles and opinions on Birmingham Professionals
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.