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Life and health insurance
Life and health insurance for business
All businesses face risk, regardless of their size or the industry they are in. While we can’t control what happens to us in life, we can make the bad times easier.
Could your business keep working when you or other key people can’t?
Life and medical insurance gives you a way to make sure your assets and your business are adequately safeguarded.
Why do I need life and health coverage for business?
The best way to assure peace of mind is to protect your most important assets: your people and the valuable revenue they generate.
- What is the financial impact on your business if you lose a key person? How soon before your business started accruing additional costs?
- Have you loaned funds to the business through your current account? Have you used your private residence as security? Loans and guarantees remain in force and transfer to your estate in the event of death or permanent impairment. Could your family manage?
- How would your family assess the value of your shareholding if you died or were so disabled that you could never work again?
- Would you like to provide staff with a base level of life, disability or medical insurance so their families are financially provided for in case of a serious medical event?
Life insurance for businesses provides for business continuity. It is a way to ensure your business has the funds when a key person can no longer contribute, and your liabilities are covered.
Our brokers will work with you to create a tailored, cost-effective insurance package to meet your needs. We’re 100% committed to protecting your business.
Life and health insurance solutions
Income protection insurance
Provides a monthly replacement income if you are unable to work due to illness or injury. ACC only covers accidents.
Key person insurance
Provides a monthly benefit and/or lump sum to offset additional costs of losing a key person through serious illness, injury or death. It covers staff replacement costs, training costs, contract penalties and loss of profits, etc.
Debt protection / Personal guarantee / Release insurance
Provides a lump sum to repay debt to shareholders or release personal guarantees, following serious illness, injury or death. These funds take pressure off the business and allow it to move forward.
Shareholder protection insurance
Provides a lump sum for remaining shareholders to purchase the shares of a shareholder who makes an unplanned exit from the business due to serious illness, injury or death. These funds provide the departed shareholder’s family or estate with capital and provide the remaining shareholders with control of the business.
Employee benefits
Provides insurance cover at discounted group rates for staff (e.g. Life, Income Protection, Trauma or Medical). These life and healthcare benefits help reduce employee absenteeism, increase staff loyalty and create longevity of employment.
Help with life and health insurance
We believe in providing you with the guidance to make sure that your financial objectives can be met if you have a serious health event.
Our focus is to position you to financially survive any insurable event.