Other Forms of Personal Risk Insurance
We can help you with other forms of Personal Risk Insurance.
Key Man Insurance is a type of Corporate-owned life insurance which insures an employer against the death or incapacitation of an important or key employee, usually an executive or partner. This type of Insurance is utilised by both large companies and small partnerships alike.
An employer may take out a Key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company. The employer does this to offset the costs (such as hiring temporary help or recruiting a successor) and losses (such as a decreased ability to transact business until successors are trained) which the employer may suffer in the event of the loss of a key person.
Living Expenses Cover
Living Expenses cover is designed for people who are not eligible for income protection insurance.
Reasons for not being eligible for Income Protection is usually because a client does not have an income this could be due to being a Home maker or retired. It can also assist those who are employed on a casual or part-time basis.
Child cover is a way of insuring your children for a range of trauma events, terminal illness and death.
You can apply for Child cover if the insured is between the ages of 2 and 15.
Child Cover is only available on top of another cover on the same policy There is no limit to the number of children that can be insured under the one policy.
Business Expenses Insurance is financial back up plan for your business. It allows your business to continue running if you’re unable to return to work in the event of a Total or Partial Disablement.
Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, in the event that you suffer a disablement and are unable to work, allowing you to focus on your recovery – and not your bills! It Includes;
- Office rent or fees plus interest on your property loan
- Leases on cars, equipment or machinery
- Insurance and Security Costs
- Bills – Such as Utilities
- Salaries and Staff Superannuation (for employees who don’t generate any business revenue)
- Costs of locum to help out while you focus on getting better.