Total and Permanent Disability (TPD) Insurance

Have you thought about what would happen to you and your business if you became totally and permanently disabled?

TPD Insurance is normally an optional extra cover on a life or trauma policy and commonly covers against you being permanently unable to work in your chosen occupation.

A claim payment for the TPD cover can enable a principal to buy out the financial interest of the business principal who suffers a permanent disability and is unable to work again.  The appropriate buy/sell agreement needs to be in place.

Other types of Business Insurance Cover