Increasingly, we are facing with a variety of strategic threats which may impact your business. From trade war to global pandemic and unexpected loss of a keyman, these episodes are just a few key examples which will disrupt the balance and growth path of your business. In some cases, due to lack of adequate planning, it may affect the going concern of the company. To cope with unforeseen events, businesses may wish to relook at their risk management strategies and consider adopting suitable tools to help navigate through rough waters. Life insurance plan for business is one good example.
When we come across the term “life insurance”, we often associate it with coverage for individuals and death benefits. However, when you strategically apply it to specific risk exposures, it can play an important role in supporting your business.