Risk Protection for Your Business

The unexpected death, disablement, or illness of you, a business co-owner or a key person could easily throw your business into disarray, so it’s important to establish a contingency plan to maintain cash flow, continue operating and keep your business on track.


A business protection plan will :

  • Provide for an orderly business succession if death occurs and help minimise disruption.
  • Provide for the deceased’s estate and family
  • Allow the purchase of a co-owner’s share of the business to be funded.
  • Minimise the chances of the business having to be sold.
  • Assist with the repayment of existing debt.
  • Assist with the replacement of key people.
  • Maximise the value of the business if you have to sell it.

Key Person Protection

A key person is anyone who provides economic advantage to the business and who is invaluable to the success of the business.


  • What would happen to your business if one of your key employees were to suffer a trauma, become disabled or die?
  • Would your business be disrupted and the profitability and goodwill of your business affected?
  • Would your clients take their business elsewhere?
  • Would the contacts of the Key Person take their business elsewhere?
  • Would you have difficulty finding the time and money to recruit and train a replacement?

If you answered yes to any of those questions then business risk protection plan could be the solution to maintain your business’ health.

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Business Succession Planning

What would happen if you or one of your business co-owners died, were to suffer a trauma or become disabled?


  • Would the value of your business remain the same?
  • Could you and any other remaining partners work with the partners nominated beneficiaries?
  • Would the remaining partners have the funds to purchase the deceased or disabled persons interest in the business at a fair and reasonable price?
  • Would they be able to repay any borrowings?
  • Could the surviving partners take on a new partner?
  • Would they want to?
  • Would there be anyone willing to buy a minority share of the company?

If you answered ‘no’ to any of these questions then you need to consider succession planning for the security of your business.


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