Business insurance solutions for you and your team
The greatest asset for most small businesses is the people that work within, be it owners or other key people. Sudden loss to the business of one of these people on a permanent or temporary basis can be catastrophic.
Insurance is a key part of protecting your business assets, including the human assets; namely your employees, key personnel and shareholders. If you are a business owner, then there are a range of insurance options to consider for you and your team.
Key Person Cover
Essentially this is insurance on the key person(s) in a business; usually the owner, or key employees. The company pays the premiums and is the beneficiary of the policy. If that person is unable to work either temporarily or permanently or dies, the company receives the insurance pay out to keep the business running. This could be used in many ways perhaps to pay for a locum, cover loss of profits, prepare a business for sale etc.
Debt Protection cover provides a lump sum payment at an agreed amount to help meet your business’ debt obligations.
Designed for businesses owned by multiple shareholders or partners. Insurance cover can be taken on each shareholder/partner, at an amount equal to the value of their individual share, to provide the funds for a smooth transfer, in the event of death, trauma or total disablement.
Group Insurance Schemes
Insurance provided to employees by their employer. For employers, workplace insurance is a tangible way to attract and retain valuable people or perhaps get them fit and back to work more quickly. For employees, it can provide subsidised medical insurance, life, disability, trauma and income protection cover, or access to reduced insurance rates without excluding pre-existing health conditions.