Having the right strategies and structures in place for your business is just as important as your personal risk strategy.
Trauma, debt reduction, business expenses, key person and spouse insurances are all taken into consideration when our Medical Professional and Small Business specialists consider strategies and structures which will be most effective for your situation.
Trauma insurance in a business succession agreement provides funding to allow a buy out to occur should one of the business owners suffer an insured event, such as a heart attack or cancer. Trauma insurance is payable when the insured person is diagnosed with the insured event, not upon death, therefore providing the insured business owner with valuable options and also the comfort of some certainty in a time of extreme stress.
Debt reduction or guarantor insurance can provide business owners and guarantors additional security by ensuring that the business debt guarantee provided by that director/guarantor is fully repaid, upon the occurrence of an insured event.
Business expenses insurance is designed to cover the ongoing fixed expenses of a business in the event that a key revenue generator is not able to contribute to the business.
Key Person insurance provides compensation for financial loss or expenses suffered when an insurable event occurs with respect to a key person of the business.
Spouse/Partner insurance – The impact on you and your ability to run your business can be severely affected should something happen to your spouse or partner, through illness, accident or death. Provision for them should always be considered when tailoring your financial plan.