Business Cover
Protect your Business.
Secure your Future.
What matters in Business
Business Cover Solutions
Businesses depend on the individuals who drive growth, manage operations and uphold reputation. The loss of a key person, due to illness or death, can destabilise operations, strain finances and in extreme cases, threaten the business's survival. Business Cover ensures continuity by safeguarding against those critical risks.
Keyperson Cover
Protect your business from the financial impact of losing a vital individual. This policy is owned by the company and structured to provide liquidity, whether for finding a replacement, managing debt or funding transition.
Loan Protection
Safeguard your borrowing capacity without risking personal or corporate assets. Our cover ensures loan obligations are met when key individuals pass away or become incapacitated, allowing the business to continue uninterrupted.
Partnership Protection
When a partner falls ill or passes away, tensions can arise for the business and among stakeholders. Partnership Protection ensures funds are available to honour buy-out agreements swiftly, preserving harmony and continuity.
Shareholder Protection
Designed for privately owned companies. In the event of a shareholder's death or disability, insurance proceeds are used to purchase their shares, ensuring that control remains with the surviving shareholders and that estate matters are clarified.
Advantages of Business Protection
Death Benefit
Provides continuity in the event of a key individual’s death. This benefit helps protect shareholders, safeguard partnerships and repay outstanding business loans, keeping the business stable during difficult times. Cover starts at US$100,000, with no maximum limit.
Critical Illness Benefit
This financial support can ease business strain, cover obligations such as loan repayments and reassure partners and shareholders while recovery takes place. Minimum cover of US$100,000, with a maximum of US$1 million (not exceeding the death benefit).
Disability Benefit
This ensures the business has the resources to restructure operations, compensate shareholders or partners and maintain stability in the face of unexpected challenges. Minimum cover is 50% of the death benefit, with a maximum of US$3 million (not exceeding the death benefit)
Terminal Illness
The cover gives the business and its stakeholders the financial support needed to manage immediate commitments such as shareholder agreements, loans or continuity planning. The benefit amount is equal to the selected death benefit.
Indexation
Cover automatically increase by 5% each year. Premiums adjust annually by 6.7% to reflect both the increase in cover and the life assured’s age, ensuring lasting value for partnership agreements, loan protection and shareholder security.