4 ways you could lose your business and how to protect yourself against them

Running a business is difficult enough without having to cope with 1 of 4 common but catastrophic occurrences that can destroy a business and ruin the lives of its owners.

Yet these events can be protected against with the help of MLC's Risk Specialist Network.

Talk to us today on 1800 208 958. It's the first step to knowing your business will always be your business.

Alternatively if you'd prefer us to contact you simply, complete the form below

 

Protect your business from these 4 Events


Event 1

Paying debts after the death or disability of an owner.

Asset Protection insurance can be structured to provide your business with enough cash to repay debts, free up cash flow and maintain its credit standing so that business or personal assets held as security can be released (such as the family home).

Event 2

Repaying loans to the estate of a shareholder or director.

Once again, Asset Protection insurance can be structured to provide your business with enough cash to repay monies owed to the estate of a deceased business owner.

Event 3

Loss of revenue caused by the sickness or death of a key person.

The right level of Revenue Protection insurance can be structured to provide your business with enough cash to compensate you from the loss of revenue and loss of profits. It can also cover you for the associated costs of replacing a key employee or business owner should they die or become disabled.

Event 4

An owner dies leaving the remaining owners with an unwanted, unskilled partner.

Ownership Protection insurance means that in the event of an owner dying and leaving their share of a business in the hands of their beneficiaries, you and other remaining owners have the funds to buy the estate's share of the business as part of a Business Succession Agreement.

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Getting the right cover for your need is easy with MLC's Risk Specialist Network.

Every business has its own insurance needs.

MLC's Risk Specialist Network has the skilled advisers you'll need to properly implement the right type of insurance.

As well as this we can arrange any associated legal support you may need.

Talk to us today on 1800 208 958

The Risk Specialist Network is a network of specialist risk advisers licensed by members of the MLC group of companies and supported by GWM Adviser Services Ltd. GWM Adviser Services Limited ABN 96 002 071 749, AFSL 230692. Australian Financial Services Licensee, Registered Office at 105 - 153 Miller Street, North Sydney NSW 2060.