No doubt commercial premises, the contents and all vehicles are properly insured and protected. But inanimate objects such as these do not constitute a business, people do! So why then, most companies claim their executive cars, but not themselves executives who really keep the business running.
Every large or small business has certain key people that are vital to its success. This could be the sales manager, highly trained professional or a specialist craftsman. Without these valuable people, his company will most likely not very quickly. In fact, the death or long-term illness such key people is a major cause of business failures.
Even so, the damage caused by the prolonged absence of someone to whom a large part of the company often depends not Steps are considered.
Simple Protect your business insurance protection for Business is designed to provide the financial support they would have if the key personnel dealing are affected by the death, terminal illness or critical or permanent disability in the policy term.
You can adapt the policy benefits to meet their specific needs Among a wide range of functions, such as index-linked so that benefits are maintained in line with increases in business inflation.
A covers politics on the Protection of Individuals you designate on your policy or policies. If such a person dies, is diagnosed with a terminal illness or critical of the benefits paid to business as follows:
For life and critical illness protective cover, a lump sum is paid on death or after the diagnosis of one of the specified diseases Covered protection policy.
For business loan, a lump sum is paid. However, this reduces to zero in the course of politics of debt is reduced.
What policy benefits can be used to? Policy benefits offered by insurance companies protection policies can be used to: pay for a permanent or temporary replacement supporting the business in a period of reduced activity pay or contribute to health care to accelerate the recovery of affected staff settle an outstanding loan Or other threats debt
Other If a business partner of a company dies, there may be additional risks to consider. In addition to its loss of business everyday, it may have urgent reasons to buy their shares so as not to go outside investors who do not share the vision of the company. Such events can not lead to crises, reduced income and even, in some cases, companies collapse.
Business Protection of Free EmployedWith no employer to turn to when health problems prevented them from working, self-employed have greater need of protection than most.
If you are self-employed, being your own boss has many advantages. But not having an employer to pick up the pieces can have its drawbacks, especially if unforeseen events, such as poor health prevent you from being able to earn a living.
With their lifestyle to be dependent on work and be fully conditions of work you haven & 39; T has time to be wrong. If you are sick, you want to be treated as quickly as possible without the additional stress of worrying about cost.
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