Business Protection

Jason McGuigan What happens if?

Jason McGuigan used to run Critchleys Financial Planning LLP in Oxford before it was acquired by Wren Sterling in June 2022. He now heads Wren Sterling’s Oxford office, but as a former director and business owner, he is acutely aware of the value of getting the right protection in place to ensure the continuity of the business.

As a former business owner myself, I understand what it’s like to manage risk within a business… From a business protection perspective, I think the owner-manager needs to ask themselves the question: what happens if?

What would be the implications to the business in the event of the death or serious illness of a key individual?

We all take out insurance to cover things like cars, houses and contents, but from my experience, very few people have considered taking out protection to cover the loss of key people within a business. There are four main areas of focus for business protection:

So, if you do have individual life insurance policies running and you are a director of a limited company, you may want to consider looking at relevant life as an alternative because the tax breaks are significant.

How can a Wren Sterling financial planner help?

Business protection is a very complicated area and specialist advice is needed – I took advice myself when I first arranged it. Our role will be to guide you through the ramifications of choosing your product, the level of cover that you need, the type of cover you need, and to make sure that the money goes to the right people at the right time in a tax-efficient manner.

Jason McGuigan
About the Author

Jason has been a financial planner since 1988 and over this time, he has gained the globally recognised Certified Financial Planner designation and achieved chartered status. For most of his career, he has worked with the accountancy practice Critchleys LLP, in financial advisory, senior management, and partnership roles. He joined Wren Sterling following the acquisition of Critchley’s Financial Planning LLP by Wren Sterling in July 2022. Jason continues to advise and manages a number of long standing client relationships and in his capacity as Regional Director for Wren Sterling Oxford, he works closely with the Wren Sterling senior management team, to help support the business on its growth strategy. Jason has two grown up children and one grandson. His hobbies include ballroom dancing, dog walking and travel.