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Business Risk Insurance

Posted on 23 December 2014

Business Risk Insurance

For many small to medium business owners your business is both your passion and livelihood.  Successful business owners know that managing risks and having adequate insurance protection is essential to growing and sustaining a profitable business.

Your biggest asset isn't the office building, company car or the product that you sell.  It is the people that manage your business, who generate the profit and provide the capital.  If one of the principal owners or key revenue employees die, become permanently disabled or suffer a serious illness.  What would be the impact on your business' financial future?

Business risk insurance is fundamental to your risk strategy.

Protect your business against the financial loss an unfortunate event can bring if something happens to you, a principal owner or a key employee.

Business Risk Insurance

You have the choice of the following benefit options:

  • Life Cover
  • Accidental Death Cover
  • Total and Permanent Disability Cover (TPD)
  • Accidental TPD Cover
  • Trauma Cover
  • Income Protection
  • Business Expense Cover

If you, your business partner or key employee have an existing health issue, taking out cover may be difficult and expensive.  

Many businesses suffer financially when an unexpected event occurs because they have not planned well enough.  Help ensure the longevity of your business with ClearView LifeSolutions.  Cover can be personalised to protect your individual business needs including:

Types of Protection Benefits

  • Debt Protection - Lump sum cash payment to pay off business loans or personal guarantees of a principal owner in the event of their serious illness, disability or death.

  • Keyperson Protection - Lump sum cash payment to compensate the financial loss your business may sustain in the event a key employee suffers a serious illness, disability or death.

  • Succession Protection  - Lump sum cash payment to purchase the outgoing business partner's share in the business.

  • Business Expense Protection - Ongoing monthly cash payment to cover the ongoing costs of operating your business if you are totally or partially disabled as a result of sickness or injury.

This information is intended to provide general information only and has been prepared without taking into account any particular person's objectives, financial situation or needs ('circumstances').  Before acting on such information, you should consider its appropriateness, taking into account your circumstances and read the applicable Product Disclosure Statement (PDS).  Westbook Investments Pty Ltd trading as Pilot Insurance ABN 12 085 026 713 is a Corporate Authorised Representative (No. 462716) of ClearView Financial Advice Pty Ltd ABN 89 133 593 012 AFSL No. 331367.

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The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product.

Westbook Investments Pty Ltd trading as Pilot Insurance ABN 12 085 026 713
is a Corporate Authorised Representative (No. 462716) of Crown Wealth Group Pty Limited ABN 22 603 037 510 AFSL No. 494274

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