Business Risk Insurance
Our business risk insurance solutions are designed to provide you with the best possible coverage for your business needs. We offer a range of health insurance policies that are tailored to your unique needs and budget.
Key Person Cover
The most important asset in any business is its people. The ongoing profitability and sustainability, and, as a result the capital value of the business, are largely reliant on the input of the key employees in the business. Therefore, the loss of a keyperson constitutes a risk for the business.
​
What is a Key Person?
A key person is someone whose absence through death or disability will have a material effect on the future of the business.
​
The Solution
Key Person insurance is a simple cost-effective solution that provides financial security and certainty for a business in the event of death or disability of a key person. The business can take out a policy on the life of the key person to cover the business against the expensive replacement costs, or to provide cover against potential loss.
Shareholder Cover
The purpose of shareholder cover is to provide the surviving shareholder with cash to purchase the interest of a deceased share holder. The life cover pays out on the death of a shareholder, which funds the purchase of his/her shares by the surviving shareholder. Disability cover can also be included to fund the buyout of the disabled shareholder’s share of the business.