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 in the business or even passed away, what would happen to the business debt? Have you thought about business insurance? 

By having business debt protection, you can protect the owners of the business and also their families from debtors. For example, having adequate life cover for each shareholder’s portion of debt would free the remaining shareholders from the burden of repaying additional debt and may free their families from any personal guarantees.

What about other debt?

It is not only a bank or lender debt that is important to think about. There are obligations that must be met even if a shareholder is not working such as the contract for the car the business may have hired, the lease on the property the business is operating from and even the contract for the photocopier.

In the examples above the business would continue to have financial obligations even though it may have a reduced turnover due to losing a shareholder. For this reason, it may be worthwhile considering a type of cover that will ensure business continuity. After all, you may return to work within your business after a period of recovery and the last thing you want to find is the erosion of your business.

If you would like to learn more about protecting your business and your family, click here to speak to an experienced adviser who understands what business insurance is all about.

Important: All information on this site is of a general nature only. When you compare or complete the assessment online, we will connect you with an advisor who can give you advice at no charge. All advisers who are authorised to use this site, for their marketing purposes, are authorised financial advisers. A full list of advisers and what they can advise on is listed here under our terms & conditions of this site usage.


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Quick and easy, actually listen to what I wanted and didn’t try and push anything else on to me
Well knowledgeable and prompt when responding to queries
At first I was skeptical but after doing a little reasearch on The Mortgage and Insurance Shop, there was nothing but positive reviews.Blake really went above and beyond to provide me with as many costs/quotes that suited my financial situation. He provided all the information I needed and explained everything, he made sure I was covered in all the areas I needed and provided great support. He's super knowledgeable and very efficient.I highly recommend Blake, he's amazing!
Blake really helped me understand how the Insurance scene works in New Zealand. The service was prompt and to the point. Would absolutely recommend him to all who need to make informed choices.
Hayley Evans is highly recommended broker, very professional communication excellent Hayley was able to help what I wanted I would recommend Hayley to others. My only regret was I did not do this sooner. Talahiva Riggs
Very helpful and knowledgeable
Easy to deal with and got the right insurance, thanks Hayley
Nicole was a great help and had lots of knowledge.I did not feel rushed and was given options, that at the end of the day was my decision.Very happy with how everything worked out and highly recommend!
Great service and follow up 💯
Hayley was professional and accommodating to everything we requested. She helped with multiple revisions to our insurance quotes and was easy to get hold of and quick to respond. It's great having that personal assistance when dealing with multiple policies etc. Thanks
Awesome service! Highly recommended! Caring and friendly, made every step so easy and stressfree! Go Hayley!!!!! Thanks for all your help!!!!
Blake was very knowledgeable and easy to deal with, definitely recommended!
Hayley was a breeze and lovely to deal with highly recomend
Being a super busy person I had tried to get life insurance in the past and put it on the back burner because of how much time it took up. My partner got a hold of these guys and I had Hayley contact me. Hayley was absolutely amazing to work with. She would call me and tell me in layman’s terms what I needed to do. Thank you heaps Hayley!!!
An excellent company! All throughout the process, excellent customer support. The group goes above and above at every stage and is incredibly knowledgable. They are something I wholeheartedly recommend.


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