Asset 2

Debt Cover

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.

Debt Cover - CIC Financial | Christchurch Insurance Center

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