Business owners are often so focused on building their business, they neglect to protection the investment to ensure the survival of the business if something unexpected occurs.
Insurance can help by providing lump sums if a key person or business owners dies or suffers a serious illness or injury. Business owners need to assess the risks in their businesses and considering the options and strategies to minimise these risks or to cover the financial downsides.
There are various business insurance purposes to consider.
- Business succession-Buy/sell insurance
- Debt/personal Guarantee insurance
- Key person Insurance
- Key person-capital purpose
- Key person- Revenue purpose
- Business expenses insurance
Here at Holzworth Partners our team of Accountants and Advisers will save you time and insure the survival of your business. You’re in reliable hands and your will have access to a wealth of practical business knowledge.
Risk insurance policies are financial products that will pay the policy holder if the ‘insured event’ – such as becoming unwell and being unable to work – happens.
Insured events include things like temporary illness, permanent illness, temporary injury, permanent injury, or the premature death of the insured person.
Risk insurances insure your good health, which is actually your most important financial asset. That is why risk insurances are almost always the essential first step in any financial plan. Insuring yourself against a loss of income or earning ability allows you to ensure that life for you and your loved ones goes on with the quality you want, even if something unwanted happens.
We provide the complete range of risk insurance services: death cover, total and permanent disability (TPD), income protection and trauma cover. We help you calculate the type and amount of each cover that you might need, as well as discuss other ways that you can protect yourself against financial loss.
We also show you how to minimise the premiums, especially after-tax, without unnecessarily compromising the quality of the policy or the level of cover that you acquire.
If cash flow is tight, we can assist you to find ways to insure yourself that minimise the demands on your day-to-day income. And, of course, as financial planners we can help you find ways to enhance your income. This makes everything more affordable, not just your insurances.
Contact us to review your personal and business insurance needs, phone 1300 009 888