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Business Insurance
Protects the remaining partners or shareholders in a business in the event of the death or disablement of the insured, by providing funds for them to purchase the insured’s share of the business. This provides certainty to the remaining owners and excludes the insured’s estate from having to deal with the complexities of the day to day running of the business. We can help determine the right insurance levels for your needs and ensure all the correct documents are completed including partnership and share purchase agreements. Business Loan Protection This provides funds to enable the repayment of debt in the event of the disability or death of a borrower or guarantor. It provides certainty to the lender that the debt will be repaid without the need for more drastic action to be taken by the owners to refinance or sell off other assets. This level of cover is typically aligned to the amount of the loan. Key Person protection This protects a business against the loss of its key people. A key person is an employee, or a contractor to a business whose skills and expertise are essential to the functioning and profitability of the business. If a key person dies or becomes totally disabled , the business may lose clients, suffer a downturn in turnover, incur considerable losses or even collapse. With key person protection, the company is the owner of the policy and the company uses the claim paid to ensure funding is available to support the decisions to replace the key person quickly and efficiently. Business Continuity Our focus on arranging the best cover for your needs will largely be based on the nature of your business, geographic location, internal resources and existing arrangements. Through the use of a combination of products we can utilise a number of products including Life Cover, Trauma cover, Total and Permanent Disablement, Business Overheads, Locum Cover and Key person income protection Cover. |
