Growth Investment

Oviso

What the company does:

We are specialist providers of life insurance, critical illness cover and income protection for business owners. We help your business continue trading if one of the owners / shareholders or key members of staff die or suffer a serious illness.

History:

We have been in the protection insurance industry for many years, with 45 years collective experience of the life and serious illness market. We are experts. We don’t give advice on all areas of a businesses financial planning – just business protection. We don’t do pensions or investments which means we can concentrate on giving the best advice for insurance.

How does it work:

Most businesses rely on one or two individuals to bring in income and drive your business forward. For example, this can be the owner, sales executive or technology experts. We can help you understand how losing these people can affect the finances of your business and provide you with a lump sum of money to help cover the costs of running the business whilst a replacement person is found and trained.

For businesses with more than one owner / shareholder you need to think about how, if one you died, you would raise the money to buy back the shares from the deceased estate. If you haven’t got the money you could be forced to run the business with their family members. Not only that, but you need to think about what money you would like your family to receive from your business if you weren’t around. What value would you place on all your hard work and time spent away from your family whilst growing your business?

http://www.businessoviso.co.uk/