Proactive Risk Management & Building Your Team of Advisors

Planning Reimagined

Have you surrounded yourself with the right business advisors to help you correctly navigate the ups and downs?

In this episode of Planning Reimagine, Celeste welcomes Susan Bryant, CEO and founder of Unboxed Advisors, who brings over 20 years of experience in CPA, tax planning, and investment advising. They dive deep into a critical yet often overlooked aspect of business management: insurance and risk mitigation. Susan and Celeste will share insights on the significance of proper insurance and the strategic steps needed to ensure long-term business stability.

They discuss how 80% of businesses lack adequate insurance for their key persons, often focusing solely on bank-required policies. Susan talks about the vital role of term policies, buy-sell agreements, and disability insurance in maintaining business operations when unexpected events occur. They also talk about the devastating effects of losing a key person, not just on business value but also on employees and stakeholders.

They also discuss working with a team of expert advisors to navigate these complexities, the challenges entrepreneurs face, and the necessity of continuous and proactive planning.

To learn more about Susan, visit: https://unboxedadvisors.com/

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Life Insurance for Key Persons and its Importance
• Lack of Proper Insurance and its Consequences
• Business Continuity and Value Preservation
• Funding Buy-Sell Agreements for Liquidity
• Importance of Diversified Investments and Proper Business Risk Management
• Need for Disability Insurance to Safeguard Revenue
• Role of Advisors in Comprehensive Risk Management
• Continuous Planning and the Importance of Revisiting Decisions
• Cybersecurity as an Emerging Risk for Small Businesses