We provide robust Business Assurance solutions to safeguard your business against unforeseen circumstances that could otherwise jeopardize its continuity and financial stability. Our suite of business insurance products includes:
Buy & Sell Agreements
A Buy & Sell Agreement is crucial for co-owned businesses, ensuring that the business continues smoothly upon the death or disability of one of the partners. It sets out clear terms for the buyout of the deceased or disabled partner’s interest, thereby preventing potential disputes among surviving partners and family members. Funded by a life insurance policy, this agreement guarantees that funds are immediately available to purchase the interest, thereby securing the continuation of the business.
Keyman Cover
Keyman Cover protects your business in the event that a crucial team member—be it an owner, founder, or essential employee—passes away or becomes incapacitated. This type of insurance provides a financial buffer that can cover the interim costs of finding and training a replacement, compensate for lost business during the transition, and provide a measure of financial continuity.
Contingent Liability
Contingent Liability insurance is designed to cover debts that may arise unexpectedly, typically due to the death of a guarantor or a key business debtor. This insurance ensures that your business can settle outstanding loans or debts that could otherwise destabilize your financial standing, protecting the assets of the company from claims that could arise from creditors.
Business Income Protection
Business Income Protection safeguards your business against loss of income due to the sudden illness or injury of an owner or key employee. This coverage ensures that your business can continue operating by covering overheads, salaries, and other operating expenses during periods when your key revenue generators are unable to work.