Cobalt 1-2-3 for Professionals

As the owner of a professional practice or business, you might feel secure in the fact that you have covered a potential loss of income due to sickness, temporary disability and or permanent disability. Have you considered what will happen when you and or one of your partners die?

Consider the following:

• How do you extract the true value out of your practice/ business which you so diligently built up over time?
• How do you ensure that the capital you have invested in your practice/business is given back to your loved ones?
• What protection do you have in place for outstanding lease agreements, rental agreements, hire purchase agreements, cell phone contracts and severance packages for employees, to name but a few?
• What happens to outstanding loans and/or sureties signed by you?
• What about the replacement of that income stream for those left behind?

The solution

Cobalt 1-2-3 for  the Professional is an analysis instrument which will help you to identify and quantify the most prominent financial planning risks in your professional practice/ business.

It starts with a fundamental question:

“Will your practice/business continue after your death, yes or no?”

If the answer is “Yes” - then the following needs will be analysed:


If the answer is “No” - then the following needs will be analysed:

• Contingent Liability

  Protect the estate and practice against third-party creditors

• Business Overhead Protection

  Make provision for overheads that will continue in the practice

• Replacement of Income

  Life cover to support dependants

The Cobalt 1-2-3 for  Professionals offers a lucid approach to a severely neglected part of risk management in business, i.e. risk emanating from the death of the owners of that business.

Contact us now to arrange for an accredited financial planner to discuss these risks with you or phone us on 0860 118 888.