The Benefits of Business Protection

Creating a successful business is difficult enough – but once you have built it, you will want to protect its value. You already know what you need to do, to make your business a success. Suitable premises, machinery or tools, and your computer systems may all be important. But have you protected what’s probably your most valuable asset – you, and the people you rely on for your business day to day?

Imagine if you had to handle the unexpected consequences of illness or injury. Impacts such loss of profit, interruption to cash flow, inability to make loan repayments and change in shareholder control could be debilitating and even devastating to businesses, especially smaller, family-run companies.

Business owners and their families will often be reliant on their business for income not just now but retirement, possibly through the sale of the business. Protecting its value is key.

Jo Dugdale of Chartwell Financial Planners and Dave Dawson of Royal London will provide a presentation and discussion on the three key methods of business protection and their importance for modern businesses. This area is considered an essential part of business strategy.

Business protection can help businesses continue to trade if an owner or other person key to the business dies or becomes terminally or critically ill. Proceeds from the policy could help ensure that key individuals are replaced, debt is protected and shares from the deceased partner's/director's estate are purchased.

Ultimately business protection is designed to protect the value of a business and is particularly beneficial for business owners who are solely reliant on their business for income.

Chartwell Financial Planners Limited is regulated by the Isle of Man Financial Services Authority

About your presenters: 

Joanne Dugdale BA Hons DipPFS, owner and Managing Director of Chartwell Financial Planners | Jo has over 25 years experience in Financial Services following completion of a BA Hons Degree in Financial Services and is experienced in all areas of financial planning for Isle of Man residents including protection, investments, retirement planning and lifestyle cashflow planning. In 2012 Jo also attained the Level 4 Diploma in Financial Planning.

Dave Dawson, Business Protection Consultant, Royal London | Dave Dawson is one of two Business Protection Consultants at Royal London for the whole of the UK. In 1986 David’s Insurance career began with Friends Provident in Edinburgh. Ten years and a variety of roles later he moved back to Edinburgh to join Scottish Provident which eventually became a part of the Royal London Group. David has always had an in-depth knowledge of Business Protection but he has been a Technical Specialist in this area for the last five years

Member tickets - £10+vat

Non-member tickets - £15+vat