Key person and Business Risk Insurance
- What would happen to your business if you suddenly weren’t there?
- How would you feel if you lost your home because your business partner got sick?
- How would you repay your Debts?
- What personal guarantees do you have? Do you realise they don’t die with you?
- How would you manage without an income?
- What happens to your shares if you can no longer work in the business?
- Would you want to be in business with your business partners wife?
Facts for SME Market
- 65% of owners believe their business is dependent on them
- 1 in 5 businesses is forced to close down within 3 months post an event happening to their owner
- 70% of self-employed businesses that wind up do so in part due to serious injury
- SME’s typically release one third of the perceived value
NZ Centre of SME Research
ANZ Barometer 2008 & 2010