Your income Key person protection Business succession protection Business expenses protection

Protect what’s most important to your business
One of the most valuable assets of your business is often the one that produces the most profit - your people. But while material assets can generally be precisely replaced, good people can be hard to find.

The loss of a key staff member can have a substantial impact on profitability, operational management and the goodwill of your business. Many businesses find there are no replacements readily available internally and it can take substantial time and money to find and train a replacement.

The provision of key person protection can help fund such a loss by providing an injection of cash to help stabilise business capital or provide revenue.

How does the strategy work?
A key person in any business is someone whose death, disablement or critical illness would have an adverse economic impact on the business. The purpose of key person protection is to provide an amount of money to offset the estimated loss to the business that will arise upon the death, disablement, or a critical illness of that key person.

Key person protection may be used for either a revenue purpose (to protect against loss of income and profits), or a capital purpose (to provide funds to repay business debt) in the event of the key person’s death, disablement or critical illness.

Of course, alternatives to insurance protection, such as using savings, borrowing, or selling assets, may be available to protect your business. However, all of those options are costly and some may not be feasible. Key person protection can be a far less expensive alternative.

The benefits Protection will provde:
	available cash to enable the business to attract the most suitable replacement for the position.
	available cash to proceed with existing business development and expansion plans.
	available cash to assist with the repayment of any outstanding business loans.
	available cash to meet all existing financial obligations.

For more information contact us by phone (08) 8279 3333 or by email