Business Assurance

Running a business is complex and uncertainty bears many risks. Business Assurance replaces uncertainty by guaranteeing financial liquidity no matter what the future holds.

Every business consists of three parties: the business (management), the owner, and the employee. Each have their own risks and financial needs. One risk that all businesses face, is the risk of losing key personnel or shareholders.

What is Business Assurance?

Business Assurance is risk insurance taken out to protect your business from the potential financial consequences should an essential member of your business die, become disabled or suffer a critical illness. This could be you as an owner, an executive or an employee.

Why is it important?

Business Assurance replaces uncertainty by guaranteeing financial liquidity no matter what the future holds. As a business owner, it is prudent to consider business assurance in terms of risk management, succession planning and the overall stability of the business, for the employees.

THE VALUE OF ADVICE

At MyPlan, we help business owners to mitigate risk by proactively ensuring that sufficient provision has been made to protect yourself, your business and your employees.

Planning tools and activities include:

  • Personal financial fitness analysis
  • Needs analysis
  • Risk assessment
  • Detailed long term plan
  • Seamless link to estate planning
  • Annual reviews

KEY PERSON PROTECTION

Life insurance for key personnel ensures continuity should anything happen.

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BUY & SELL INSURANCE

Business is retained by remaining business partners should one partner die.

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CONTINGENT LIABILITY COVER

Keep your business debt separate from your personal finances.

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BUSINESS OVERHEAD PROTECTION

Protect your business against turbulent times directly after an owner dies.

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  • Understanding the need for disability cover

Understanding the need for disability cover

Today, eighteen years ago, the owners of the World Trade Centre’s twin towers could never have imagined the simultaneous destruction of both towers. In fact, they believed the probability to be so far-fetched that [.....]