When it comes to Business and Rural Insurance plans, there are several options available to you - depending on the number of Key people within the business or farm operation. Key people are those who's contribution to the business or farm are detrimental to the success or ultimate failure of the business or farm. 

For one-man-band businesses or trades the question's you need to ask yourself is: Would my business or farm operation still produce me with an income in the event I suffered an illness or disability that prevented me from working short or long term? What would happen if I passed away? Would I want my estate to sell the business or farm and how long could that take? 

For larger businesses or Farms you need to consider a few other events such as: What happens to my business or farm in the event a Key person such as my Managing Director or Sales Manager leaves the workforce due to an illness/injury or passes away? How will I ensure I can meet the financial obligations of the business/farm? 

Benefits as part of our services to you include but are not limited to:

Business Continuity/Business Protection and Rural Disability/Rural Continuity: These benefits can provide you with a monthly benefit to help keep your Business or Farm running in the event yourself or Key employees are unable to work due to sickness or disability for typically up to a 24 month period.

Business Trauma/Critical Illness:  This benefit provides a lump sum payment to be used by the Business/ Farms discretion in the event an insured person is diagnosed with a critical illness (e.g Cancer, Heart Attack, Stroke).  

Business Life cover, Debt Protection cover, Ownership buyout cover and Key Person cover: These benefits typically provide a lump sum payment in the insured person dies or suffers a terminal illness (is likely to pass away within 12 months of diagnosis). 

Other services: 

Buy/Sell Agreements (Also known as a buyout agreement): Is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies of is otherwise forces to leave the business. This is not a product or service we offer to you directly, however can often be a requirement with some of the above benefits. Buy/sell agreements are legal agreements which are arranged by your lawyer. If you do not have a lawyer we work with a number of lawyers who we are happy to refer you to. 

Disclaimer: It is important to note that the above list is a basic overview of the services we have available to you, it is not a definitive list of benefits or sub benefits within the different policies. Policy wordings and names of benefits can vary between different insurers and all benefits are subject to underwriting.
We recommend talking to us to ensure you have the correct understanding about the products/services above.