Most people in a family are either fully or partly reliant on each other financially and it is widely known and accepted that it is important to protect those reliant upon you; in the event of death, an illness or accidents. As such you put in place insurance policies so that should the worst happen, then all involved are confident that the reliance can continue, unaffected, for a while at least.
What most people fail to realise is the reliance of a business upon themselves or another individual. Questions such as ‘What happens now?’ or ‘How do we continue?’ are often asked too late and after the impacting event.
We will look at: