Safeguard your operations, key people and cash flow so your business stays resilient through unforeseen events.
A key person can be anyone directly associated with the business whose loss will cause financial strain to the business.
The type of risks that can be covered by key person protection:
The two main categories of loss for which key person protection can provide compensation for:
1. Revenue Purpose
This protects the business against lost revenue and increased costs in the event of the loss of a person who makes a significant contribution towards the profitability of the business such as recruiting and training costs and fall in sales revenue or profits.
2. Capital Purpose
This protects the business through the provision of capital in the event of the loss of a person who makes a significant contribution towards the capital value of the business such as pay off business loans, protect credit rating and offset loss of goodwill.
If you’re a business owner and in a partnership, one thing you may not have given thought about is implications of a partner’s untimely death or disability. Should this happen, it can cause unforeseen problems that can be avoided via a well thought out succession plan.
Partnership Protection offers the following benefits via a buy/sell protection policy:
Business Expenses insurance means that the fixed expenses of your business will still be paid even if you cannot work due to injury or sickness. This means that the business’ bills can continue to be paid –and the business can stay afloat -without the owner having to dip into their savings or increase their debt while they are recovering.
Our opening hours are:
Monday – Friday: 7am – 5pm
Sat – Sunday: Closed
Here is what you can expect from us. We put the protection of your wealth first.
We’ll gather all the information we need to get a clear understanding of where you are and where you want to be financially should the unforeseen injury or illness happen. We will walk you through the process in our initial meeting.
We’ll look deeply at our assets, liabilities, superannuation, investments, tax, life insurance and more to build a tailored protection strategy that connects the dots between your current financial situation and where you want to be should anything unforeseen happen to you.
We’ll present a tailored plan for protecting your financial life, based on all of the information you gave us. We’ll outline the entire process, timing, implementation of steps and answer any questions you might have.
We’ll collaborate directly with you to ensure your protection plan stays on track, adjusting as necessary when your lifestyle, goals or financial landscape changes.
We will hold your hand and manage the claim process for you; because this is where you will need us the most and we will always be there.
Simple, honest guidance so you can be confident you’ve got the right contracts, protection, and advice for your long-term future.
