Business Protection Insurance

Your business is your passion – it makes sense to protect it’s equity. 

Business Protection Insurance is about identifying threats to the equity in your business, and insuring the business against the financial consequences of you not being able to work in or manage the business.

Risks and threats to your business include:

• A business partner dies.
• A business partner becomes ill.
• Bank, creditors or personal guarantees.

We offer advice on various types of business insurance: 

• Business Expenses Insurance: Having a strategy to keep your business and its cash flow going in case of sudden injury or illness makes good financial sense.
• Succession Planning: Avoid ‘worst case’ scenarios when your business partner departs the business either through illness, injury or death.
• Key Person Insurance: Protect one of your business’ most important assets – its people. Identify the key people in your business, and insure against the consequences of losing them to illness, injury or death.

What can Business Insurance do to help you? 

Business Insurance assists by providing financial peace of mind that enables a surviving business principal to buy out the financial interest of a deceased or departing business principal - while protecting the interest of the deceased person at the same time.

Business Insurance will also allow you to: 

• Replace lost business income due to loss of a business owner.
• Repay business debt.
• Maintain cash flow to cover costs of replacing and training a new key person.
• Maintain control and certainty
• Assist to protect the interest of the deceased persons estate

Not sure if you need Business Insurance? Fill out our short Business Needs Questionnaire.

Our Role: 

The Business Insurance process requires different professionals to work together. We see our role as risk specialists not only in ensuring the correct level of cover is implemented but we project manage the process for our clients by liaising with accountants and legal professionals to ensure that a documented business succession is successfully achieved.

Want free advice on Business Protection Insurance? Call us on (03) 9890 3388 to book an obligation-free appointment, or get a free online quote now.

The information contained in this outline is of a general nature only. It has been prepared without taking into account any individual's objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness having regard to your own objectives, financial situation and needs.