Business Asset Protection and Protection Of Personal Assets

Why do I need an asset protection strategy?

The landscape of litigation and liability has changed dramatically over the past few years, and increasingly people who have never before realised that they faced financial exposure are finding out that they do.

Bigger awards are being made in favour of plaintiffs, professional indemnity and public liability insurance premiums have skyrocketed and NSW continues to lead the charge in our national thirst for compensation.

It is no longer possible to confidently assess where the risks of liability will come from: the number of people and organisations exposed are greater than ever.

• NSW is now the 3rd most litigious state in the world! (Behind only California and Texas), and QLD is a close 5th?

• As in the Peakhurst Inn case – a burglar can successfully sue you? see below for more

• Public Liability Claims are up 24 % in last 12 months?

• Accountants PI Insurance premiums increased by 250% on average last year?

Can you be sued by someone who breaks into your home?
In 1999 a drunken youth broke into the home of a Sydney publican and his family. The publican assaulted the intruder with a baton, claiming that he was acting in self defence and in the defence of his family. The intruder successfully sued the publican for the injuries that he sustained – and was awarded $50,000. The intruder’s mother was awarded a further $18,000 for the nervous shock she suffered over her son’s injuries.

Level 12, 383 Kent Street
SYDNEY NSW 2000

Phone: 1300 665 473
Fax: 1300 665 475

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Protect It.
Creating wealth through your business is only one half of your wealth strategy; the other is about structuring your financial affairs so that your wealth is protected for the long term.

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	Come to one of our seminars!
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Our Selection of BEYONDADVICE Books.