KEEPING YOUR BUSINESS ON AN EVEN KEEL
Profit margins, business loans, demanding customers and more! Smooth sailing in a business is hard enough without adding the complications of injury, illness or even the death of a business partner or key person.
THAT’S WHY EVERY BUSINESS NEEDS BUSINESS INSURANCE
We can show you how business insurance can help protect your business against events which may adversely affect its liquidity, profitability and ongoing viability.
TAKING CARE OF BUSINESS
A survey of Australian small businesses revealed a high percentage have inadequate business insurance. Although most business owners don’t hesitate to insure physical assets such as stock, equipment and premises, many aren’t insuring themselves or other key people in the business for illness, disability or death.
The survey also showed only 10% of small businesses had a documented succession plan and 46% had given no thought to succession.
Unfortunately, the consequences of not protecting key people involved in a business can be dire, often resulting in the demise of an otherwise viable business.
If an owner or key person is unable to work through illness or injury, it doesn’t take long for the business to be affected. The absence of that key person can put pressure on the rest of the team to pick up the slack or employ extra staff.
The flow-on effects can include slower production, rising costs, or reduced revenue. Left unchecked, a cashflow crisis can erupt as profits reduce, and the business struggles to pay creditors.
THREE LEVELS OF PROTECTION
LIFE INSURANCE MYTHS BUSTED
WHAT DO I DO NOW?
BOOK A TIME WITH ONE OF OUR FINANCIAL PLANNERS TO DISCUSS YOUR OPTIONS 1300 880 100
We can help you tailor a protection plan that will suit your business needs so you can be financially prepared for the unexpected. If you would like to arrange an appointment with a risk specialist please call us on 1300 880 100. The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions