Key Person Cover.
Key person cover contributes towards replacing a key member of your staff if they are unable to work due to sickness or injury, for one or two years.
There are a range of options which provide either monthly payments, or a lump sum in the event you or a key person became seriously ill, injured or died. This gives you financial support to keep your business or farm operating. It allows you to cover debts, or wind up and sell.
Key Person Insurance.
One option is Business Expenses Cover, which can allow your business to keep running if you suffer illness or injury.
As a sole trader, small business owner or partnership, you can claim the costs of running your business if you are unable to work due to illness or injury, over a two-year period.
Key person cover is designed for established businesses, which have been in operation for over three years.
There are many options for business insurance, that provide security to your business if something happens to you or a nominated key person.
Want to learn more about your insurance options?
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