Business insurance

At Intergenerational Wealth we provide business insurance advice to enable your business to continue to operate efficiently if an unforeseen event, such as a permanent injury/illness, or even death, was to occur to a key person or director of the business. You may have complete confidence in your business partners’ ability to contribute to and run the business. However, in the event that your business partner was to pass away, their ownership of the business would be determined by their Estate Planning arrangements (their Will).

A common occurrence In this scenario is for the surviving spouse to inherit the deceased business partners ownership of the business.

One of two detrimental outcomes can occur. Firstly, the surviving spouse, who may have no experience or knowledge of the business, can assume control of their deceased spouse’s share of the business, with little or no acumen on how to operate it. Secondly, the surviving spouse may request for a significant sum of money to be paid out in exchange for leaving the business. In both scenarios, the likely outcome is that it will leave the business in financial ruin.

This common occurrence for business owners can be easily avoided by contacting our specialist Intergenerational Wealth Financial Planners and discussing the following insurances.

  • Key person insurance
  • Buy/Sell arrangements
  • Directors loan protection
  • Debt protection
  • Business Expense cover
  • In basic terms these contracts are ‘business pre nups’!

networkingKey person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are critical to a business, the ones whose absence would affect the company.


A buy-sell agreement is a contract that provides for the future sale of your business interest, or for your purchase of a co-owner’s interest in the business. Insurance policies can be arranged to fund these contracts.


Business Expenses insurance covers your fixed business expenses, as a monthly reimbursement, so you can focus solely on your recovery and not your business costs!