Business Insurances Worth Considering
- Buy/Sell insurance – pays your business a lump sum if you or one of your partners dies or suffers a serious illness or injury.
- Key person insurance – Pays your business a sum of money to offset the estimated financial loss to the business should an owner or other key person die or suffer a serious illness or injury.
- Business expenses insurance – pays some of your business’ expenses if you are unable to work due to illness or injury. Expenses are generally covered for up to 12 months and typically include rent, loan repayments, leasing costs, and utility costs.
At Fairway Capital, we take the time to understand you and your business – your situation, your needs and your aspirations. Then we help you define your vision of a secure financial future for your business if it lost you, or a partner or other key person. And then, working side by side, we will create a risk insurance plan which will enable you and your business to be financially cared for should the unexpected happen.
We then research the major, reputable insurance companies to find the insurances which provide your business with the right level of protection, including the definitions, clauses and exclusions which best suit you and your business. Of those insurances which meet your needs, we obtain quotes to ensure we recommend the most cost-effective products for your business.
We then arrange the implement the personal risk insurances on your behalf.
And don’t forget that we are there working with you when it comes to claim time!
