Practice Protection

Secure your practice’s future with practice protection

As a sole or small practitioner, your business is a significant asset. However, unforeseen events like death or permanent disability can jeopardise its value, especially if those left behind lack immediate access to crucial business information.

Practice Protection by Rob Knights & Co is an innovative service designed to safeguard your practice in such circumstances. By securely storing all vital data pertinent to your business, we ensure that your family, partners, or designated individuals can act swiftly and effectively when it matters most.

Key features:

• Secure data storage: We maintain your essential business information in a secure, off-site location, protected under stringent security protocols.
• Controlled access: You determine who can access your confidential data. We release information only to the individuals you designate at the time of lodgment.
• Annual updates: To ensure accuracy, we facilitate yearly updates of your data, replacing outdated information and securely destroying previous records.
• Peace of mind: With Practice Protection, you can be confident that, in the event of an emergency, your practice’s value is preserved, and your loved ones are spared the burden of navigating complex business matters without guidance.

Ideal for:

• Sole and small practitioners.
• Firms with multiple partners where colleagues may not be fully acquainted with each other’s clientele.
• Family and friends of deceased or incapacitated partners.

How It works:

1. Registration: Sign up for the service.
2. Data submission: Receive and complete a comprehensive template detailing your practice’s essential information.
3. Secure storage: Submit the completed document to us for secure storage.
4. Estate planning: Include a note in your will and inform your next of kin that Rob Knights & Co holds vital information about your practice.
5. Access in need: In the event of an emergency, your executor or representative contacts us to obtain the necessary information, facilitating the swift sale or succession of your practice.
6. Annual updates: Provide updated data annually to ensure all information remains current.

Pricing:

• Initial setup and first-year storage: $550
• Annual renewal fee: $198 per year thereafter

Security and confidentiality:

All data is stored securely off-site, protected, preserved, and maintained under strict security requirements. We will only release your confidential business data to the person or persons nominated by you at the time of lodgment.

Take the proactive step to protect your practice and provide peace of mind for yourself and your loved ones with Practice Protection by Rob Knights & Co.