EP077 – From Death in Service to Key Person Cover: Gary Lucas's Guide to Business Protections
It's a Numbers Game · The MSP Finance Team
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Show Notes
In this inaugural podcast appearance, Gary Lucas, an independent financial advisor from Burlington Associates, discusses the critical aspects of business protection. He highlights the importance of various insurance products including death in service, income protection, private medical cover, and critical illness cover for employees. Gary also delves into key person cover and share protection for business owners, explaining how these measures safeguard businesses and ensure continuity. The podcast provides insightful advice for employers on how to implement these protections effectively and underscores the significance of these benefits in employee recruitment and retention.
00:00 Introduction and Welcoming Gary
00:57 Setting the Scene: Gary's Background
02:00 Understanding Business Protection
03:22 Employee Benefits: Death in Service
07:58 Employee Benefits: Income Protection
12:04 Employee Benefits: Private Healthcare
19:58 Employee Benefits: Critical Illness Cover
25:26 Business Owner Protections: Key Person Cover
27:54 Business Owner Protections: Shareholder Protection
34:37 Conclusion and Contact Information
Connect with Gary Lucas on LinkedIn by clicking here – https://www.linkedin.com/in/garyjlucas
Connect with Daniel Welling on LinkedIn by clicking here – https://www.linkedin.com/in/daniel-welling-54659715/
Connect with Adam Morris on LinkedIn by clicking here – linkedin.com/in/adamcmorris
Visit The MSP Finance Team website, simply click here – https://www.mspfinanceteam.com/
We look forward to catching up with you on the next one. Stay tuned!
We created It's a Numbers Game Podcast to help MSP owners learn and understand how to build and maintain a financially healthy MSP business. In this podcast series, MSP business owners like you will learn the fundamental steps, the tips and tricks, the dos and don'ts to achieve MSP financial growth.