Is your business adequately insured?
A critical component to effective planning will depend to a large extent on how the business entity is structured. If more than one coverage, part, or endorsement of the business insurance protection policy insures the same loss, damage, or claim, the insurer will not pay more than the actual loss or damage sustained by the business owner. An insurer may relinquish coverage for undeclared exposures, acquisitions, or additional use of locations during a policy period.
How profitable is your business?
Maximize your results and minimize your recruitment costs. The average commission to a recruiting firm is 35 percent of an employee's first year salary. Attracting and holding key people with specialized skills is an important consideration in any business plan. It is imperative to design a key-person protection package specific to your needs.
Are you taking advantage of all the tax relief to which you are legally entitled?
Taxes can erode and sometimes even inhibit the growth efforts of your company.
Increasing taxation must be accounted for and minimized if your business is to
How profitable will your business be in the future?
Forced sales at retirement, disability, or premature death can seriously erode a family's interest in a business and leave far less than was expected. Perform an orderly transfer at your retirement, at the sale, or in the event of death.
Complete our online risk management planning questionnaire and we will help you formulate an exit strategy.