Have you thought about how you will pass on your business to capable hands when you're ready to retire? Working with your business advisers, we can prepare a proper business succession plan.

You've shared the highs and lows of building and running a business as well as your personal ups and downs. You've probably shared social occasions and know each other's spouse and children. In many ways your lives are probably entwined.

• What if something happened to you or another partner in your business?
• Could your business finances be unravelled to buyout your partner's family for their share of the business?
• Is your business debt secured by personal guarantees over assets such as your home?
• What would you tell your business partner's family if those personal guarantees were called in?

Now is the time to discuss the what if's. It's also the time to put plans in place to decide what would happen if you or another business partner suddenly left the business. To decide who would take over and how the business would be valued.

Business insurance is not just about securing the future of your business. it's also about securing the future of those you care about and who rely on you for financial support.

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