Key person and shareholder protection
As a business owner, people are your biggest asset; and your biggest risk. Many business owners haven’t thought through what would happen in the event that something happens to a shareholder, partner or other key person within the business. We can help you plan for:
- Loss of profits
Over half of businesses think they would cease trading in less than a year if a key person died or became critically ill1. - Shareholder protection
If your business partner was too ill to work, or died suddenly, it’s important to make sure firm control of the business is maintained. - Succession planning
If you lost a key person in your business, how long would it take you to find a replacement? This loss could also result in damage to client relationships.
1. L&G Business Protection Report April 17
How we can help
Mercer Financial Planning have a dedicated team of Business Protection Advisers, with many years experience of helping business owners protect their businesses, key employees and themselves.
From carrying out a business health check through to reviewing your current succession plan, we can ensure you have the right plans in place should the worst happen.
