Succession Planning and Managing Risk
Critical to the future of your practice is having a succession plan in place, including a contingency for the unexpected. Leadership transition, future ownership, valuation, insurance and risk management are key elements for planning. Join us on 15 October for an insightful discussion with our expert panel featuring lawyer Susannah Maclaren from Colin Biggers & Paisley, Daniel Orrell from Steadfast Life and Cos Cirocco from Planned Cover.
As more practice owners look to the future and consider retirement plans, the need for succession planning is critical. Ensuring business continuity today, when the “plan” doesn’t go to plan, is also essential. In this webinar our speakers will cover –
- Succession planning and risk management relative to insurance – including future planning and building in a contingency
- Main considerations for businesses in managing Key Person risk and Partnership risk
- Buy Sell (Partnership) Agreements – Why do we need one? Risks of not having one.
- What’s included and what does it cover?
- Business valuation
- Who are the parties to the agreement?
- What are the agreement triggers?
- Funding Solutions
- Maintenance
OUR SPEAKERS
Daniel Orrell, Chief Distribution Officer, Steadfast Life – Daniel has specialised in the life insurance industry for more than 26 years, having worked in a variety of roles within Australia’s largest insurers and banks. As a partner in the business, Daniel’s focus over the last 12 years has been towards addressing the major shortfalls of life insurance in Australia and, in particular, the needs of SME businesses.
Susannah Maclaren, Partner, Colin Biggers & Paisley Lawyers – A partner in the insurance team working primarily in the areas of professional indemnity insurance and financial services disputes and investigations, Susannah has over 22 years’ experience as an insurance and disputes solicitor in Australia and the UK. Susannah is experienced in complex litigation, including class actions as well as regulatory investigations. Susannah has also represented domestic and foreign insurers in relation to coverage disputes and has acted on behalf of corporations, professional advisers and directors.
Cos Cirocco, National Business Manager & State Manager SA/TAS – Cos has specialised in the provision of Professional Indemnity/Liability Insurance and Risk/Claims Management advice to construction professionals for over 25 years. He is an economics graduate and a Qualified Practicing Insurance Broker (QPIB). He is also a Member of the Australian Insurance Law Association.
WHERE & WHEN
Online
Tuesday 15 October 2024
1–2pm AEDT
(WA 10–11am, NT 11.30am–12.30pm, Qld 12–1pm, SA 12.30–1.30pm, ACT, NSW, Tas & Vic 1–2pm)
COST
Members $30 incl GST
Non-members $60 incl GST
*One ticket per person.
CPD
Completion of this 1 hour webinar and submission of the self-checked assessment task will deliver 1 formal CPD point.
Learning outcomes – Succession planning and risk management relative to insurance; considerations for managing key person and partnership risks; and a break down of Buy Sell agreements.
Units of Competency and Performance Criteria: Practice Management & Professional Conduct – PC 2
APBSA & ABWA Core Area – Practice Management
The webinar will include time for Q&A with our speakers with a CPD assessment task. Certificates will be provided following participation in the full webinar and online submission of answers to CPD questions.
CONTACT
For any questions, please contact Katherine Ygosse webinars@aca.org.au.
BOOKING
Secure your ticket below. If this does not work on your device, head to the direct booking link.