Corporate Solutions
Business to business
Key Person Funding Protection
Business Succession Planning is essential for most businesses.
Three common components addressed in business plans are business ownership, how debt will be dealt with and how your business will manage the death or serious illness of a key member. This article examines some of the planning and insurance solutions that may form your Business Succession Plan.
Business Expenses Insurances
Keeping Overheads Under Control
In the same way that income protection insurance can protect your income, business expenses insurance is designed to protect your business. This kind of insurance is designed to reimburse your regular business expenses in the event that an illness or injury prevents you from working.
Insurance claims are paid as a monthly amount that helps to pay the day to day running costs of your business, such as employee salaries, rent, mortgage repayments or utilities.
You will usually need to wait around 30 days before making a claim on your business expenses insurance. Your claim can be paid for up to twelve months, allowing you some breathing space to employ somebody to take your place or to sell your business at a reasonable price (instead of a fire sale!).
