Business Insurance is an important consideration for business partners who hold a shared interest in the continuation of a practice through the input and association with each other and key employees.
Business Risk Insurance is specifically made up of the following types of insurance policies:
- Shareholder / Buy Sell Cover
- Estate Equalisation
- Keyperson Capital Cover
- Keyperson Revenue Cover
- Business Expense cover
Questions to ask yourself:
- As a shareholder/partner in a business have you and your business partners considered what would happen to your respective interests in the business in the event of death or disability of either of you? Will there capital be available to fund a purchase?
- If you have loaned money, or sign personal guarantees on behalf of the business, do you want these repaid, or released, in the event of death or disability?
- Is there a keyperson in your company the loss of whom would impact revenues? If so how would you prevent this loss?
Business Risk insurance can protect you and your partners in the event of an untimely loss of a shareholder or key person in the company due to illness or death.
How can Fairbridge Help?
With extensive experience in the Australian life insurance industry, Fairbridge specialist life insurance advisers are perfectly poised to provide you and your business partners with advice on the best levels and structures of life insurance covers in order to ensure your goals and objectives are met when it comes to protecting your shareholdings and key employees.