What is Income Protection Insurance and who needs it?
What is Income Protection Income Protection protects your income by providing you with a monthly benefit if you are unable to continue working. For example, if you were unable to work due to a serious accident or illness, either temporarily or permanently, income protection insurance…
Indemnity V Agreed Value Income Protection
What is the difference between indemnity insurance and agreed value cover? Don’t worry we get asked this question a lot. Knowing which type of income protection may suit you can be difficult as it depends on many factors such as whether your income is likely…
ACC and Private Income Protection – How do they differ?
As a Kiwi, if you’re self-employed or an employee, you have a level of income protection in the event of an accident at work. However, the key word in the acronymn ACC, is of course accident. What happens when you can’t work because of a…
Protecting Debt in Your Business
Running a business can have many challenges, especially in the start-up phase. So once you get yourself going, how can you protect not only your livelihood but the livelihood of those that depend on you? When you think of business insurance your first thoughts may…
The Importance of a Buy/Sell Agreement
If you run your business in a partnership, have you thought about what might happen if a key shareholder passed away or became too disabled to continue working in the business? It is important to ask yourself how your family, or theirs, would be paid…
Key Person Insurnace
Have you thought about what would happen to your business if a key shareholder or employee were unable to work due to death, a serious illness or accident? If your business relies on a small number of key people for a majority of business revenue,…
What happens to your business debt if you unexpectedly lose a shareholder?
Many businesses use debt as a form of finance. Usually, in securing this debt the bank or lender would require a personal guarantee from one or all of the business owners. If one of your business partner’s suffered a serious illness and couldn’t keep working…
Tips to help you reduce your income protection premiums
Income protection premiums are calculated using a range of variables. What variables you select on your policy, as well as your age and occupation can affect the cost of your cover. Below are the main options that will affect the price you pay. 1. The…