Business Insurance

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Business risk insurance strategies.


Business risk insurance planning should be part of life for all small and medium-sized businesses. 

You need to consider what would happen to the business if one of the owner's dies, becomes totally or permanently disabled, or suffers a terminal or traumatic illness. Without a viable succession plan there may be significant financial hardship for the surviving business owners as well as the surviving family members.

The core business insurance concepts are:


Buy / Sell
Insurance

A contract that allows transfer of a business to remaining owners if one owner dies or suffers a serious illness/injury and is unable to stay in the business.



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Key Person (capital) Insurance

Cover taken out by a "key person," usually a director, owner, or partner, in a business. It pays a benefit to the company if illness or injury of that key person results in losses to the company.


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Key Person (revenue) Insurance

Protects the business against lost revenue and increased costs in the event of the loss of a person who makes a significant contribution towards the profitability of the business.


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Business Expenses Insurance

Provides regular reimbursement of eligible business expenses thus assisting the financial viability of the company.



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SPEAK TO A FINANCIAL ADVISER SPEAK TO A FINANCIAL ADVISER
27 Apr '23

Insurance (Minus The Bull)

ONLINE WEBINAR
27 April 2023 // 12:30pm
Let's face it, insurance is not the most exciting topic. In this webinar we'll offer guidance on how to compare different insurance policies, assess your risk, read beyond the marketing and how to get the most value for your money.


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10 Aug '22

THE WOMAN SERIES // Insurance Stripped Bare

ONLINE Webinar: Insurance Stripped Bare - What you really need to protect your assets


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16 Feb '21

Protection For Every Stage Of Life


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7 Dec '20

How much insurance cover do I need?


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9 Nov '20

What should I consider with waiting periods?


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21 Oct '20

What is a buy back option?


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5 Oct '20

What is the difference between 'any' or 'own' occupation?


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14 Sep '20

What is the difference between an agreed value and an indemnity contract?


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2 Sep '20

Stepped vs Level Premiums


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