Description
This one-hour webinar provides practitioners with an introduction into the world of business insurance. We look at how your clients can reduce the risk to their business and to their family if something unexpected happens.
You will gain insights into key person revenue and capital risks and solutions, including insurance to fund business succession agreements.
We also explore the basics of policy structuring and funding premiums and identify the benefits that proper business succession planning provides.
By participating in this training, participants will be able to:
- Engage business owners in the business succession discussion
- Explain the fundamentals of key person insurance, including how to determine whether risks to business revenue or capital (or both) need to be addressed
- Explain the need for a buy/sell agreement, and the fundamentals of a buy/sell agreement
- Describe how and when an insurance policy can provide funding for a business succession plan, and
- Outline the role that the financial adviser plays alongside other professionals during the business succession planning process.
Suitable for:Â accountants, financial advisers and para-planners new to this market or that are after a refresher.
Recorded on 21 September 2023
Presented by Natasha Panagis
TPB CPD Hours:Â 1 hour
Legislated CPD Hours: Technical Competence – 0.75 hours and Tax (financial) advice – 0.25 hours
