Life Insurance

Keyperson Insurance is a critical component of any comprehensive business insurance plan. It is designed to protect against the financial consequences associated with unexpected death or disability of key personnel. Keyperson Insurance provides funds to replace lost revenue to keep a business financially stable and if need be, to fund replacing the key employee.

Buy/Sell Insurance is a funding mechanism that provides funds to purchase equity from a departing co-owner as a result of death, permanent disability or major critical illness. A buy/sell agreement is a legal contract that enables remaining owners to quickly and efficiently acquire the departing owner’s share and continue running the business with minimal disruption. Having such an agreement, provides certainty at a time of potential major disruption.

Business Loan Protection Insurance is a form of business insurance enabling a director/guarantor to be fully repaid upon the occurrence of an insured event such as death, trauma or total disability.

Business Expenses Insurance is similar to Income Protection but tailored for small business owners to cover the ongoing costs of running a business. The policy pays a monthly benefit (for up to 2 years) to cover the business overheads such as rent, electricity and the salary of select employees, if a business owner suffers an illness or injury and is unable to work.