Business Protection
Overview
Protecting you and your business.
It is important that business owners positioned for growth are aware of the most common risks facing their business to enable them to navigate through them as successfully as possible when they arise.
Risk is often described by an event, a change in circumstances or a consequence. A common definition of business risk suggests that risk is the effect of uncertainty on achieving or surpassing business objectives. This effect may be positive, negative or a deviation from the expected, for example in forecasts and projections.
Without identifying risks, it is difficult to successfully define your objectives and set out strategies for achieving them. It is best practice to integrate business risk management with your strategy formulation and business planning processes.
Pareto has a vast amount of experience advising directors and safeguarding businesses. We understand the detrimental impact certain risks can have on your business, including but not limited to the depletion of profits, the loss of key clients and in some cases the inability to offer a key product or service.
- Your dedicated adviser will give you the peace of mind your business is well protected should the worst ever happen.
- We sit down with all of our clients and tailor cover to meet their exact personal and business objectives.
- Our independent status means we are able to provide ‘whole of market solutions’ unlike many restricted firms, ensuring you get the best deal for both you and your business.
- We have a dedicated employee benefits team able to implement group protection initiatives within your business.
Advice areas
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Our advisers
Your adviser will work with you to understand your current situation and appetite for risk. All of the advice given will be tailored to you, your circumstances and your objectives.
You will be supported throughout your financial planning journey from setting long-term financial goals and working towards targeted growth, right through to retirement and taking income.
Our advice process
1. Establish
At the outset we will define the relationship we will have with you on your client journey. This will clearly explain our services and costs, and our respective responsibilities.
2. Identify
During our initial meeting, we will collect relevant information about you, so that we can clarify your personal and financial goals. We will also identify your attitude towards investment risk and determine which Pareto service is best suited to your needs.
3. Analyse
Our team of experts will conduct an in depth review of your current circumstances, including any existing plans.
4. Develop
We will provide a report to outline your financial plan, and make specific recommendations to address your personal and financial goals.
5. Implement
We will meet to present our report and discuss your financial plan. With your agreement the recommendations will then be implemented.
6. Monitor
If you put us in charge of reviewing your financial plan, we will report to you at least annually. This review will cover any recommendations required to develop your financial plan further.
