Small to Medium Businesses with Insurance
How do you know if this page is for you?
You own a business or are a decision maker in a business.
You currently have a group insurance, key person plan or employee arrangement
Which policies should I be looking at?
Debt Protection
This form of policy allows your business to pay off debts if something were to happen to you. It becomes especially important when there are multiple business owners or if you want your business to continue. A bank or creditor could call on the loan if they feel the guarantees on the business aren't sufficient.
Key Person Revenue
Many businesses rely on one or more key persons to drive the revenue of the business. The business could suffer a substantial loss if one of the key people were lost to the business. Insurance can help cover the loss and pay for recruitment and training.
Business Succession
What would happen if either yourself or one of your business partners were to either pass away, be disabled or even resign?
Setting an agreement in place that plans for these events is critical. There are many reasons why a business needs this form of agreement in place:
- You may be the only owner and want the business to be passed onto your staff or one of your children
- You have one or more business partners and would like your partners to retain ownership if something were to happen while providing your family with an accepted price for your shareholding.
Without this agreement, would the right person end up with control of the business? How would an agreed price be calculated?
Policy Management
We will research and compare your current policy for you then come back to you with a recommendation. Our recommendation could be that you should keep your current policy and to not make any changes, if this is the case we can manage the policy for you. Managing your policy means that you can contact us at any time for any changes to your policy and we will handle any claims for you.
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