Business Insurance

 

Business insurance pay-outs can be used to keep the business viable if the unexpected happens, allowing you to focus on other important business decisions.

It provides an injection of funds into a business when: 

  • A co-owner is unable to work in the business due to illness, injury, permanent disability or death and the remaining owners would need to buy out the interest of the co-owner who has left the business
  • A key person who is critical to the operations is unable to work due to illness, injury, permanent disability or death. The funds help reduce the impact on your business whilst the key person is replaced 
  • The business needs to repay debts if a shareholder or key person is unable to work in the business due to illness, injury, permanent disability or death and the business is unable to continue with its contractual payments due to the impact of the loss of the shareholder or key person.