How Do I Protect My Business in the Event of Death or Disability?

A Video FAQ with Mark A. Williams.

It is important for every business to have a succession plan, and that can be having key employees who are ready to step up if something happens to you. It can also be having family and generational aspects of people that can take over your business if something happens. From a financial side, this where insurance can come in to play. There is insurance you can purchase to protect against your disability and insurance to make sure there are funds there for your family if you pass away, so you really have to look at succession planning from both parts: who is going to take over and run the business and ,financially, will my family be able to survive once I’m gone.

© 2014 Parsonage Vandenack Williams LLC

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