Every business should consider what might happen to the business if one or more of the owners die, become totally and permanently disabled or suffer a major trauma and suddenly exit the business.

Business protection –

Involves the development of strategies that will assist a business in continuing to operate in an effective manner should a particular event or circumstance arise that will have a significant impact on the business.

Insurance for succession planning–

To fund the orderly transfer of the ownership of an interest in the business on the death or disability of one or more of the equity parties

Key Person Insurance–

to provide money for the business to overcome the economic effect of the death or disability of a person who is key to the efficient functioning of the business

Loan Debt and Guarantor Insurance–

To provide money for the business to repay its loans or other debts on the death or disability of a person on whom the business depends

Funding for Business Protection plans can be provided through:

Life Insurance

Total and Permanent Disability Insurance

Trauma Insurance

Income Protection Insurance

Business Expenses Insurance

Business Partnership Insurance

Key Person Insurance