• An owner of a company often has to provide personal security for a loan taken out by the business, and will be personally liable for the debt if the business is unable to repay the loan.
• The outstanding money can also be claimed from his/her estate, at the expense of heirs and dependants. The estate may in turn claim the outstanding amount from the business or remaining owners, and the business may be forced to sell its assets should the remaining owners fail to raise funds.
• The right insurance protects the business from any adverse effects as a result of death or disability of the person who stands surety for the loan, and the owner's personal assets are released from any liability on death or disability.

• When a co-owner in a business dies, the affected owner’s estate can be left severely exposed, but the remaining owners could also face potential problems.
• The purpose of a buy-and-sell agreement is to provide the surviving co-owners with cash to purchase the interest of a deceased co-owner.
• Disability cover can also be included to fund the buyout of a disabled owner’s share of the business.

• Most businesses have key personnel. If the key person is lost to the business as a result of death or disability, then the business could suffer a direct loss because of decreased sales and/or the high cost of replacing a skilled employee, as well as the opportunity cost in the loss of profits/sales while a new replacement is being trained.
• Key person insurance is a simple, cost-effective solution that provides financial security and certainty for a business in the event of the death or disability of a key person.

Group risk is a term used to describe the employee benefits we hope you never have to use. Group Risk can also be broken down into Group Life Insurance, Group Income Protection, Group Critical Illness and Group Private Medical Insurance.

Coverage for businesses for protection against potential losses of physical assets through unforeseen circumstances like theft, liability, property damage.