Personal
Business
Wealth

Business borrowing: Insurance, legal planning & protecting your assets

June 2025

Finance Friday

Borrowing is often necessary for business growth but also creates risk. This Finance Friday, FirstOntario Credit Union’s Colin Cyr explores key strategies for businesses to protect themselves when taking on debt. Topics include creditor protection, key person insurance, and the importance of legal and estate planning.

Explore more resources

Strong financial literacy is key to making informed decisions about money.

View articles

This content is provided for informational and educational purposes only, is subject to change without notice, and should not be considered financial, tax, legal, investment, or any other form of professional advice. Nothing presented constitutes a recommendation, solicitation, endorsement, or offer by FirstOntario Credit Union. You assume all risks associated with the use of this content, including, without limitation, any reliance on its accuracy, completeness, or usefulness. Links to third-party websites may be included for convenience; FirstOntario Credit Union does not endorse and is not responsible for the content of these external sites.