Without a good continuity plan in place, the effects of the death or sudden disability of the owner of a bonded construction company are devastating for all of its stakeholders.

Key employees, worried about a potential lack of leadership and financial stability, often leave for jobs with more certain futures, taking their knowledge, experience and contacts with them. These actions drive down revenues and open the company up to default on contracts.

Long-term customers lose confidence and are easily swayed by competitors. Creditors, sensing vulnerability, move quickly to recoup debts usually guaranteed personally by the owner and his/her estate.

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