We all know the potential ups and downs of running a business and how there are a myriad of insurances that need to be put in place to cover public liability, professional indemnity, buildings insurance et al. They are all a necessary evil but what a relief when they are needed, for most it would be a life saver.
A critical area that is often overlooked by business owners in all size businesses from sole traders to limited companies is…
”what would happen if you were unable to work in your business through illness or due to an accident?”
This isn’t about insurance to cover a loss of income or to buy new computers with if they get damaged in a fire. This is about running your business whilst you are unable to.
Who would pay your invoices?
Who would issue your invoices for monies you are owed?
Who would pay your staff or how would you pay yourself?
Don’t let an out of the blue event like an accident or illness sideline your business where potentially everything can go downhill rapidly in the blink of an eye.
Business Wills are a common thing for us to prepare for our clients that own businesses but we are seeing a significant increase in Business Powers of Attorney for those switched on enough to see how vital they are.
For further information please contact our team on 01752 401401 or email enquiries@portcullislegals.co.uk. and experience our 5 star Google Review service from our Portcullis Team