Your business is only as secure as the plans you have for its survival

We know what it's like to run a business and to be self- employed. We have been doing it for over twenty years. We know what it's like to have family and staff depending on the business functioning normally and producing an income.

We know what it's like to have the doctor sign off the key person in the business. On the 23 rd July 2013 the doctor did sign off our key person and now two years later our business is still operating and growing. Why, because we had a plan.

Do you have a plan? A plan for the day the doctor says you, one of your partners or one of your key employees can't work because of sickness, disablement or even death.

How much will it cost to bring in a locum to replace you or a key member of your staff? Do you even know where to find a locum?

How will the ongoing costs be paid if your business is not producing an income?

How will you repay business loans and leases if the business is not producing an income?

Then there is the tax and GST to pay.

Do you want to be in the position to have to fire sale your business simply because you have no other options?

Business Insurance is about keeping your business running if you, a partner/shareholder or a key person is no longer able to function in their normal capacity as a result of sickness or accident. There may come a time when you need to make serious decisions about the future of your business. The preferable option is for you to decide your future, you do not want to be in the position to have to sell your business in a fire sale or for the bank or the IRD do it for you.

Whether you are a sole trader or a bigger business the same planning is required, size is irrelevant. The planning is the same whether you have been in business over twenty years or you are just starting up.

We can assist you put the right cover in place to ensure your business is still operating when you return.

Accident Compensation Cover

ACC CoverPlus Extra is an optional product that lets self-employed people and non PAYE shareholder employees negotiate a pre-agreed level of lost earnings compensation. This way you know exactly how much you'll receive each week if you are injured and can't work – whether the injury is work-related or not. If you choose ACC CoverPlus Extra, this will replace your standard ACC CoverPlus product.

What are the benefits of ACC CoverPlus Extra?
  • You can tailor the level of cover for lost earnings to suit your own personal circumstances, subject to ACC underwriting.
  • If you make a claim, there is no need to prove your earnings, as the weekly compensation has already been agreed. This means that you may receive your weekly compensation quicker.
  • You will receive 100% of the amount of the agreed lost earnings compensation until you are fit for full-time work.

We can help you work out if Cover Plus Extra is right for you and whether or not you can save money by winding back your ACC benefit. If this is an option you wish to take then it's important to ensure you have insurance in place to replace the additional ACC benefits.

Debt Protection
Provides cover for money owed to the bank, finance companies, the IRD, your landlord, creditors, suppliers, or wages for your staff.

Key Person Insurance
In the event of death or disablement this cover will provide the funds to bring in a locum to replace a key member of your staff

Shareholder Protection
Helps you pay out a partner or shareholder who is no longer able to contribute to the business as a result of total disablement or death. You would have a buy-sell agreement to back this up.
 

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