Business Insurance

We understand that the people are an organisation's most important and valuable asset.

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Unlike large companies, the success of SME's is often heavily dependent on 1 or 2 key people. That makes insuring these key people in the business as important as insuring the building, the plant and the machinery.

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These key people are often also the Owners/Shareholders of the company. By ensuring we have properly protected these key individuals, we are actually protecting the business, the equity position of the business owners, and the personal financial position of their families.

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To properly protect these businesses, it is important to consider all three of these. Therefore the insurance solutions should include advice for the possible implications of death and disability of both a shareholder and a key person, where they are not one in the same.

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Important questions to consider for business owners

• How much revenue/cash flow will the business lose if you can't work?

• Could your business survive without you being there?

• How's the bank going to view your business going forward now that its key person is unable to work?

 

What about Shareholders?

• Do you know what would happen if either of you were to die or become permanently disabled? 

• What happens to the value of your shares? 

• Did you have a buy-sell deed? If so, how are you funding it?

 

What about you and your family?

• What will your family receive from your business if you die? Are you sure?

• Can the business afford to pay you out if you are permanently disabled?

• What if your business partner dies? Does his spouse get half of the business? What if they don't want it to you?

 

Let's get together to nsure you have the right solutions for your requirements.