Business Financial Solutions
Business Insurance
Many entrepreneurs spend a great deal of time and effort establishing /and operating their biggest asset, their business. They may also consider their business to be a source of retirement capital or income for their families should they become unable to run the business due to illness or disability.
The value of a business is largely dependent on the input of key employees or partners in the business. The sudden loss of a key individual may put the business at serious risk.
Business owners may sign surety for business debt at some point? What happens on their untimely death or get disabled before the debt is fully paid? The resultant financial impact of those decisions could have serious consequences on their family well-being.
Risk Management
The heart and soul of your business is in maintaining a stable operating environment. Damage or loss of strategic company assets may cripple any business, especially when the assets are not comprehensively insulated against such potential & inherent risk.
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Business owners may fund the business by way of making the loans to the business. In the instance the owner dies or becomes disabled before the loan obligation is settled by the company, the distress caused to the remaining owners and the business itself is onerous, notwithstanding the rapid decline in value of the loan asset. There is also the possibility that the debt may not be recovered either in part or in full. The altered financial position may be untenable for the business to either refinance or afford the credit settlement.
The loan/s can be covered by a life insurance policy.
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The Business may lend money to an owner who may pass away or be disabled before he repays the funds. The business then faces the risk that the estate of the owner may not be in a position to repay the money owed to it. This puts the estate at risk of being sued by the business to recover the loan. The remaining owners are indirectly at risk, and if the business cannot recover the capital, the remaining owners suffer consequential damages.
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The overhead protector protects a business against turbulent times directly after an owner dies.
It creates funding to secure at least the overheads of the business for six to 12 months. This is done by insuring the lives of the owners. In the event of the death of an owner or a co-owner, the proceeds of the policies will be paid to the business.
Employee Well-Being
Your employees are your business’s biggest asset. By providing retirement benefits, you are not only recognizing their value, but making their futures a little more secure.
When you own a small to medium sized business, you often get to know your employees on a personal level, and they become more like family. They, in turn, also have families to support, so providing benefits to your workers will go a long way in assisting them once they leave your employ.
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A variety of suitable, flexible & affordable health care options are available for employees. Medical Insurance is available as an alternative offering to consider, Contact us to explore possibilities.
The product offering aims to help the clients` journey through life by helping you deal with medical expense shortfalls and co-payments that usually arise when you or one of your dependants is hospitalised.
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