What type of debt is your business exposed to?
14th December 2017
Many businesses may be familiar with having a life policy in place to repay the debt to the bank. However, what about the exposure to the business of other forms of debt?
- Director Loans - fully repayable on the death of a director;
- Deferred Consideration of a leaving business partner - a common liability during management buy-outs, and can be protected through life insurance policies; or
- Asset finance - it may well be secured against the assets key to the business, but debt could be cleared on the loss of a key person in the business.
Speak to us about how we can mitigate the risk of having to find cash to repay debts at such an uncertain time for the business following the death or critical illness
of a key individual.
Debt doesn't need to be avoided... just managed and protected properly.
Contact us at our Moira office 02838 338 000 or email firstname.lastname@example.org