There are various insurance products available for you to protect you business.
Key Person Protection:
Key Person Protection will give you protection for the loss of anyone who is crucial to your business.
The cover provides for the hiring and training of a new key person.
Share Purchase Insurance:
This involves Life or Serious Illness Protection to allow a surviving shareholder to purchase the ill or deceased shareholders' shares to enable them to continue running the business.
The protection comes with a share purchase agreement.
Business Loan Insurance:
This allows for company borrowings to be repaid in the event of the death or disablement.
Similar to income protection except business overheads less your salary are covered.