PRODUCTS & SERVICES

Business Planning

PRODUCTS & SERVICES

Business Planning

Advice for Businesses

It’s easy for business owners to become so absorbed in their company’s growth that they overlook their financial well being. Yet, establishing a solid financial foundation where your personal and business finances complement each other is crucial for long-term success and peace of mind. Roxburgh Financial Services is dedicated to helping you achieve this balance.

Business Protection

Running a business brings rewards and challenges, with the path to success sometimes hindered by unpredictable events. These unforeseen circumstances can significantly impact the business’s operations or threaten its stability.

key person insurance

In business, the importance of individual contributions cannot be overstated. This is where key person insurance, also known as key man insurance, becomes indispensable. It’s an insurance policy designed to protect businesses from the financial repercussions associated with the loss of a key individual due to critical illness, terminal sickness, or death. Essentially, it allows a company to insure itself against the financial instability that could result from such a loss, fostering confidence among stakeholders in the business’s resilience and capability to endure and prosper.

Shareholder Protection

In the business world, a company’s continuity and stability often hinge on the robustness of its financial and strategic planning. Roxburgh Financial Services is acutely aware of businesses’ challenges, especially regarding unforeseen events impacting key stakeholders. This understanding is at the heart of our specialised service offering – expert advice for businesses, focusing on protecting your company’s future through a share protection policy.

Relevant Life Insurance

Share protection is a safety mechanism designed for businesses to ensure stability in times of uncertainty. It functions by providing a lump sum to the surviving business owners if a fellow owner dies or is diagnosed with a terminal (life expectancy less than 12 months) or specified critical illness, given the cover was elected at the onset of the policy. This financial provision enables the remaining owners to acquire the interest of the deceased or critically ill partner, thus preventing potential disruption in the business’s operations and ownership structure.

Business Loan Protection

Business loan protection offers a safety net for businesses that rely on key individuals for their profitability and operational success. The sudden loss or incapacitation of a business owner, director, or employee with unique skills can pose a significant risk to a company’s financial health, particularly in meeting obligations on business loans. Business loan protection mitigates these risks, ensuring your business remains solvent and can continue operations even in challenging times.