Business Insurance

KEY PERSON CAPITAL INSURANCE

Key Person "Capital" insurance cover provides your business with a lump sum payment to preserve its asset base.  This will assist in repaying debts, free up cash flow and allow your business to maintain it's credit standing.  Many businesses would suffer or possibly be forced to close down if a business owner or any Key Person inside of the business dies, suffers a major Trauma event or becomes Totally & Permanently Disabled (TPD).  In many cases, businesses with debt and no Key Person Capital cover don't survive the following 12 months as a result of one of these insurable events. Would your business survive?

KEY PERSON REVENUE INSURANCE

Key Person "Revenue" insurance cover provides your business with a lump sum payment to help compensate for the loss of revenue and replacement costs if a business owner/partner or key employee of your business dies, suffers a major Trauma event or becomes Totally & Permanently Disabled (TPD). Numerous businesses suffer significant loss of revenue if they lose a Key Person to one of these insurable events.  What impact would this have on your business if you lost a Key Person for a period of time or indefinitely?

BUY/SELL INSURANCE

Buy/Sell insurance is an absolute necessity if there is one or more business partners in your business.  Buy/Sell funding is put in place for and on Business owners to provide an outgoing Business owner or their nominee a lump sum payment for the transfer of equity to the continuing owners, in the event that a business owner dies or becomes Totally & Permanently Disabled (TPD). Without Buy/Sell funding, the surviving business partner/s would need to find immediate funds to pay the outgoing partner or their Estate in the case of an insurable event.  Businesses throughout Australia need to be sold or closed down as a result of the loss of a business partner who doesn't have these fund arrangements in place.  Finding a large lump sum is generally very difficult to do at short notice.  This is where Buy/Sell insurance funding comes in.  Seek advice today on the types of insurance required and how to put this in place.  Your business partner may suffer a tragic event, your business doesn't have to!

BUSINESS OVERHEADS COVER

Business Overheads cover provides for 100% of fixed business expenses, if a Business owner becomes totally disabled due to sickness or injury.

Business Overheads cover is specifically designed for self employed individuals or members of a small business who need to cover their fixed business expenses if they cannot work due to illness or injury.