When the inevitable happens and a co-owner dies, the business normally faces a turbulent time.
Can you survive a liability claim – why you can’t go without liability risk management and insurance
There are various ways to ensure that your business does not go down or be tied up in endless red tape because of the debt or liabilities you have left behind at your death or should you become disabled. A business is a valuable asset, built up by the dedication of its owners. Every care should therefore be taken to protect it for the generation of future income and as a cornerstone of wealth. This article looks at how to secure your business's financial future.
What if one or more of your key staff members - responsible for continuity - or your business partner becomes disabled, or worse, di
The family of an owner is seriously exposed to a financial shock that follows the death of that owner. The income that the owner drew from the business cannot continue, since the owner can no longer contribute to the business. If the income is earned as a salary, this salary stops at the death of the owner, leaving the family without income. This is especially important if the business is going to close down or if the family cannot harvest the true value of the business after the death of the owner.
Sanlam is a diversified financial services group, headquartered in South Africa, operating across a number of selected global markets. We have been creating value for stakeholders since 1918 – for more than 100 years. Sanlam is one of the biggest internationally active insurance groups globally, and is classified as a domestic systemically important financial institution in South Africa. We contribute to financial resilience and prosperity in all the markets where we are present.