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