Business Protection: The Value of Advice (Mar 23)
Category: Practice Management | Duration: 1hr | Tag: VODUI23ADD1 | Type: Video | Speaker: Mark Taggart | Date: 01/03/2023 10:00
Course Details
Naturally, we don’t enjoy the topic of death or illness. Yet like any other risk or problem, not talking about it isn’t the wisest thing to do.
It is common for SMEs to be reliant on one or two key individuals who really make the business tick. Their leadership, knowledge and skills are likely to be major factor in its success.
But how would the business be impacted if it lost one of those people? Would it have a detrimental impact on profits? Who would fill the gap in the short or long term? Will they be back soon, or ever?
The reality is that the loss of a key person can have drastic consequences for the future of any business.
This session is aimed at helping you to understand the wider picture of the risks your clients face and showing you how business protection planning can create a roadmap to help navigate these uncertain times by having financial support and operational plans in place should the worst happen. We will also focus on what this looks like for you within your practice. How can you add value to your clients using a simple and quick process to help you signpost your clients to where they can get support on this matter.
During this session Mark Taggart covers the following topics:
• Business Protection – The need
• Shareholder protection
• Key Person Cover
• Tax Efficient Protection
• The Value of Advice
CPD Course Speaker
Bespoke Business Protection Limited
Mark Taggart
Mark is a business protection adviser working with business owners and leaders to get them thinking about the financial impact on their business if they lost an owner or key individual through death or ill health.
Mark spent a few years working for a leading insurance company training financial advisers on how to protect businesses. Realising just how few businesses were aware of the risks and the potential solutions, Mark decided to become an adviser himself in 2020 with the aim of providing specialised advice to businesses.
Alongside servicing his clients, Mark spends time working with accountants highlighting the importance of raising this topic with their clients. Additionally, he assists them in implementing a strategy to signpost their clients in the right direction to receive the help and advice they need on these matters.
Mark spent a few years working for a leading insurance company training financial advisers on how to protect businesses. Realising just how few businesses were aware of the risks and the potential solutions, Mark decided to become an adviser himself in 2020 with the aim of providing specialised advice to businesses.
Alongside servicing his clients, Mark spends time working with accountants highlighting the importance of raising this topic with their clients. Additionally, he assists them in implementing a strategy to signpost their clients in the right direction to receive the help and advice they need on these matters.