It’s not just about insuring yourself against accident or injury, but also to protect the wealth you have built from greedy and often unethical litigants. If you are sued for any reason, whatever assets you own in your name can potentially end up becoming the wealth creation of the litigant.
So if you are in a job that increases the risk of legal action taken out against you, (such as a medical specialist or professionals) it will be worth while seeking advice on what can be done, before losing your entire fortune from one mistake.
Some of our suggestions will also give you the opportunity to diversify your income to other family members, such as wife and children, instead of paying tax on your marginal tax rate. Give us a call to find out more.