BUSINESS INSURANCE
Business insurance is non-negotiable these days, no matter what industry you’re in. We tailor our advice and plan on what works specifically for you and your business, safeguarding your company’s financial stability and reputation.
Key person protection:
Key person protection is a type of business insurance that financially safeguards a company if a key individual critical to its success passes away or becomes disabled. The company purchases a life or disability insurance policy on the key person, with the business as the beneficiary. If the key person dies or becomes disabled as defined by the policy, the insurance pays out a lump sum to the company. This insurance serves to provide financial protection, settle debts, ensure business continuity, and aid in finding a replacement for the key person.
Shareholder protection:
Shareholder protection helps protect the ownership interests in a company in the event that one of the shareholders (often a co-owner or business partner) passes away or becomes critically ill. It typically involves life insurance or critical illness insurance policies that pay out to the surviving shareholders, allowing them to buy the deceased or ill shareholder's stake in the company, ensuring a smooth transition of ownership and financial stability for the business.
Debt protection:
It’s a scary thought, isn’t it? Thinking about how your family would manage if you were faced with something life-changing like cancer, a heart attack, or stroke? Such things can take a major toll on you and your family. Trauma cover offers a vital lifeline alleviating stress and ensuring financial stability in the event of such a crisis. This type of insurance provides a lump-sum payment upon the diagnosis of a specified medical condition or injury.