Under the law, every small business and property owner has a duty of care to the general public and can be held responsible for any injuries that a person sustains on their property or as a result of their business activities.

A few years ago, Big Four Accounting firm Deloitte published a report on productivity. The report stated that private sector bureaucracy is costing the economy about $250 billion dollars a year.

Ever thought about what might happen if a key person in your business suddenly couldn’t work anymore? What would happen if your business partner or a key team member passed away suddenly or had an accident that rendered them unable to work?