WELL-FOCUSED PLANNING SOLUTIONS TO PROTECT YOUR BUSINESS.
Only a small percentage of companies survive beyond the third generation of existence. The problem? Lack of a well-focused and properly executed business perpetuation plan. Fortunately, the specialists at RH&A can provide you with specific planning services that can help ensure your company is well-positioned to survive the unexpected, like the departure of a principal or key executive from the business. Outlined below are just some of the solutions we can draw on to help create a comprehensive plan customized to fit your particular situation:
Business perpetuation planning
If you want to ensure that your business continues to operate upon your retirement, death or disability, we can include a review of financial service risks that business owners like you may face every day. Plus, we’ll show you how you can use the key elements of insurance and retirement plans to address these risks.
Key person and buy/sell life insurance
Is there a particular employee that plays a highly specialized role at your company? Would you find it difficult to replace him or her? As part of a strategic business plan, RH&A can show you how key person insurance can shield your company from financial impact if a key person was suddenly out of the picture because they became ill, disabled or died.
Deferred compensation plans
In many cases, your employees are your most valuable resource. Using our combined expertise in life insurance and financial planning, RH&A can integrate a deferred compensation solution into your overall strategic business plan that helps you reward and retain key executives, officers and other highly paid employees to stay with your firm.
Business overhead expense and disability income coverage
As part of a total business solution, RH&A can make sure that if you ever suffer a disability and can no longer work, you’ll be able to keep the lights on by including business overhead expense coverage in your strategic plan. As an added layer of business protection, this type of coverage will reimburse normal operating costs associated with running your business, such as payroll, mortgage payments or rent, electricity, telephone, heat and water.
