Succession Insurance

Business Protection Insurancecontinuum cover

The role IBG plays initially is to meet with business owners to identify unexpected events that may occur and formulate strategies to provide solutions should the unexpected happen. This process will involve discussions with the business owners legal and accounting advisors in areas such as trusts, wills, enduring power of attorney, share purchase agreements, key person documents and debt protection. We would also view existing insurance documents to confirm that the correct products are in place and the ownership has the correct designation.

IBG have completed a comprehensive review on how to protect small to medium sized businesses from unexpected succession events that force a business owner or part owner to have to exit their business e.g. business partner suffers a serious illness / disablement / death. The aim of the review is to identify & formulate strategies to ensure that the appropriate people had access to sufficient funds to

(a) Remain in control of the business

(b) That the person or estate of the person exiting the business receives fair value for their share of the business asset created.
Would Your Exit Plan Survive the Unexpected
IBG works with business owners & their financial advisors to ensure that the right amount of cover i.e. cash is available should an unexpected event happen. The review findings are published in the booklet – Would Your Exit Plan Survive The Unexpected and are available on request.

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Contact;

David Cooke– (09) 966 1476 david@ibginsurance.co.nz

Graeme Sutton– (07) 834 0309 graeme@suttonfinancial.co.nz