Like most business owner’s, you likely made sure to purchase a variety of insurance that protects it against things such as theft, fire, or a natural disaster. While that insurance may be necessary, it isn’t sufficient to protect your business against all possible threats. It doesn’t protect your business against the devastating impact your death or incapacity could have on the business. If something happens to you, all of the time and money you have invested could go down the drain. If you want to ensure that your financial interest in your business is protected in the event of your death, incapacity, or even retirement, you need a business succession plan.