Matt Keeton has been actively involved in the process of advising businesses for many years and offers you the best solution based on your business needs.
His role is to give you the correct information as to how you can protect your business from any losses which might occur. His business insurance company in Auckland carefully evaluates your business insurance needs and advises you accordingly.
Matt Keeton is very well versed in the area of small business insurance in Christchurch and providing you with the products that matches your business needs and provides perfect protection cover.
Matt believe a successful business is a must-have for effective risk management.
Commercial insurance companies in NZ will give you the accurate coverage for your small or large business and protects your business from financial damages, that is from events such as property damage, accidents, and professional errors.
When you own a business, a number of people depend on you, and your death, permanent disablement or a major health problem that prevents you from working, could be a disaster for:
And if you care about these other people and your financial resources won’t fill the financial gaps that are likely to appear if you die, become permanently disabled or suffer a major health problem”, then life insurance (which includes insurance to cover a permanent disability or a major health problem) will fill those gaps for you and your business.
So, then it simply becomes a question of “where would the financial gaps appear, in your business, if you were to die, become permanently disabled or suffer a major health problem”?
For most businesses, these are where the “financial gaps” might appear:
- Having sufficient cash to enable the business to repay all business debt, particularly any business debt that might be secured over your personal assets, like the family home.
- Enough cash to allow your business partners, to purchase your interest in the business, thus allowing your family to receive “fair value” and not at a “fire sale” value, particularly if the business must be sold quickly.
- Sufficient cash for the business to replace a “key person” in the business so that profitability is not affected and customers, suppliers and lenders don’t lose confidence in your business.
And if all these “gaps” can be filled, and filled quickly, then your employees, people who rely upon your business for their livelihoods, and upon whom your business depends, also retain their confidence in the business.
So, having enough life insurance (which includes insurance to cover a permanent disability or a major health problem) achieves 2 things:
- Shows all those people that rely upon you and your business (your family, partners, employees, suppliers, customers and lenders) that you care; and
- Ensures that you and/or your family receive “full value” for your business, a business you may have spent a lifetime building.
But “first things first”, what are the “financial gaps” that might appear in your business if you were to die, become permanently disabled or suffer a major health problem, and how big are those gaps?