Solutions for Business - What We Do

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Most businesses already insure their property, machinery, stock and vehicles, so minimising the risks that can affect a successful business.  What many businesses fail to do is to extend their risk management to cover their key people.  Many business owners are underwriting all of their financial risk themselves, which is a recipe for disaster.
Sense Business Solutions will help determine the amount of liability or risk that the company, or its shareholders, is currently carrying themselves should a director, important key person or shareholder, die, become disabled, or suffer a critical illness.  We will then establish the cost of transferring some or all of the risk to an insurance company.

We will help you to choose the best solutions to minimise your risk by implementing an effective Business Continuity and Disaster Recovery strategy which will address the following:

• Repayment of any business loans
• Provision of a fund to recruit a replacement key person
• Financial compensation for the company’s potential loss of profit
• Provision of a tax free capital sum equal to the value of the shares of the deceased (This will enable the surviving shareholders to purchase the shares at a fair price from the estate, tax free, whilst protecting the ongoing continuity of the business and the interests of the surviving shareholders and directors.)
• Ensuring that the deceased’s family walk away with a lump sum of money in return for the inherited shares.