Business Life Insurance
The success of any business can be attributed to the hard work and effort put in by its employees. All businesses depend on certain key people to function such as the business owners, executives and any highly skilled employees. These key employees are responsible for generating revenue, managing the daily operations of the business, and strategically planning the direction of the company.
The sudden death, unexpected illness or disablement of any of these key employees can have a significant financial impact on the business. These events are impossible to predict, so it’s extremely important that your business is protected for any eventuality.
At Certus Life, we take the time to understand the specific circumstances of your business and find the most appropriate cover for you. We are able to offer cover Advice in the following areas:
- Key Person Insurance:Protection against the financial consequences associated with unexpected events (Death, TPD or Significant illness) affecting key personnel of a business. Providing funds to pay capital expenses and debts or replace lost revenue to keep a business financially stable.
- Buy/Sell Insurance:Providing funds for the remaining partners of a business to purchase a share from a departing co-owner, in the event of death, permanent disability or trauma. This allows remaining owners to fund the purchase of the departing owner’s share and continue operations with minimal disruption whilst ensuring the outgoing shareholder, family or estate is appropriately financially compensated as per the shareholders agreement.
We can also offer the following additional services to assist our valued customers:
- Existing Buy/Sell Insurance Reviews: We are able to offer all clients a Free Review Service with no obligation. We will look at your existing Shareholder & Buy/Sell Agreements and insurance to ensure that the insurance reflects the arrangement and that it still meets your need.
- Insurance Reviews & Structural Advice Reviews: We can look at your existing life business and personal insurances and ensure that your insurance reflects your current situation and what you need.