Business services
Financial risk management is an important aspect to the success of your business.
We therefore provide you with a range of insurance products tailored specifically to the needs of your business.
Share redemption insurance
Share redemption insurance is a essential protection for the financial security of a business because it can allow it to continue its activities and protect the financial interests of each owner's family.
If your company's buyout agreement requires the other owners or partners to buy out the disabled or deceased owner's share, share buyback insurance in the event of death or disability can finance this operation.
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Share buy-back insurance provides a cash payment that other owners or partners can use to buy back the shares of the disabled or deceased owner.
The policy may be owned by the business, or each owner may hold a policy on each of the other owners.
*Certain conditions apply.
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We strongly suggest that you take out this insurance in the eventOr:
- your company has more thana owner/partner
-vYou don't want to useyour own funds Forredeem the participation of an owner or partner whocan no longer manage the business.
Owners or partners do not have to use their own funds or business assets to finance the buyout.
Key person insurance
Key person insurance will help your business continue operations in the event of the disability or death of an essential person.
If an insured employee or owner dies or is unable to work due to disability, benefits under key person death or disability insurance can help you:
- recruit, hire and train a replacement,
-rpay off debts and deal with creditors;
- allay lenders' fears about the financial health of the company;
- reassure customers, employees and investors about the sustainability of your business.
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Overhead insurance
Business overhead expense insurance can help your business pay its ongoing expenses if you or a co-owner are unable to work due to disability and can no longer generate income.
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This insurance will therefore be useful to you:
- pay salaries in order to keep your employees
- pay rent costs
- pay property taxes;
- pay fixed utility costs
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This insurance is for you if:
- your fixed operating costs are paid from your income
- you are the owner or manager of a company or firm, accountant, lawyer or even doctor
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