Business protection insurance
Just like it’s important to protect yourself and your family, if you own a small or medium-sized business, it’s important that you consider defensive strategies to protect your livelihood.
Could your business continue to operate unaffected without you or a key staff member? If you or a key employee suffered an illness, disability or death, business revenue and income could be significantly reduced, but ongoing and fixed costs will generally remain steady, leaving the business short.
Your Genesys wealth adviser can assist you with:
Business expenses insurance: reimburses the owner of a small, self-employed business for ongoing fixed business expenses that continue to accrue while the owner is unable to work due to illness or injury.
Key person insurance: protects a business in the event of the loss of a person who makes a significant contribution towards the profitability of the business.
Buy/sell agreements funded by life insurance: allows for the transfer of assets (such as property or a business) to a surviving spouse or business partner upon the death of either owner.
In conjunction with other professional services providers like your accountants and lawyers, your Genesys wealth adviser can work with you to ensure your business is protected.