These business cover options work in-conjunction with your ACC cover.
Ownership buyout cover This benefit is designed to fund a buy-sell agreement
Debt protection cover This benefit is designed to fund business debt re-payment
Permanent loss of Key Person cover A lump sum payment to provide the capital to successfully replace a key person.
The purpose of these three covers described above is to protect your business against the financial impact of the death or long term disability of key employees or sole-traders.
For other types of business cover options please see below for a summary
We recommend you take the time to meet one of our well trained Advisors and talk business or personal insurance...
1
Business Life Cover - Lump sum payment in the event of the insured persons premature death or if they were diagnosed with a terminal illness. Can be used to fund buy-sell agreement commitments, debt repayment commitments or key persona replacement costs.
2
Business Cash Back Life Cover - A lump sum payment in the event of the insured persons premature death with a premium return option.
3
Business Trauma Cover - Lump sum payment in the event of the insured person being diagnosed with a covered critical condition. Can be used to fund buy-sell agreement commitments, debt repayment commitments or key persona replacement costs.
4
Business Total & Permanent Disability Cover - Lump sum payment in the event of the insured person suffering a disability which meant they can no longer work again. Can be used to fund buy-sell agreement commitments, debt repayment commitments or key persona replacement costs.
5
Business Premium Cover - Waives your policy premium whilst a key person is unable to work.
6
New to business/Start up - Designed if you have been self-employed for less than 4 years, provides a monthly injection of revenue whilst the key person is unable to work.
7
Loss of Revenue - A monthly injection of revenue whilst a key person is unable to work.