Debt cover enables you to remove any debt obligations from your business if a key person is unable to work.
How many times did you sign your name when you were setting up debt obligations or trade accounts? Most lenders require personal guarantees of business owners. This means that their personal assets are on the line if the business fails.
These personal guarantees are not removed upon death or major illness. By putting in place debt cover, we can remove the bank’s hooks and make sure your personal assets are protected.
We help you to identify your business debts (not just the obvious ones) and help you to make a plan so that your personal assets are protected.
Key Person Cover is there to protect against the loss of knowledge, skills and experience if those key people are not able to work tomorrow.VIEW service
If you or another key player weren’t there, what would the impact on your business be?
Who would own and run the business?