The expenses don’t stop.
If your customer’s disabled and can’t work, a payout can make a big difference to keeping the business ticking over.
Business and rural insurance.
Your business and rural customers have unique needs, so we’ve developed a first rate protection specifically for them.
Protecting your most important assets – you & your people.
It’s important for business owners to protect their most valuable asset - themselves. Our highly ranked insurance covers are designed to provide peace of mind and flexibility for your customers, key people, partners, family and shareholders. In the event of death, TPD or Trauma of a key person, lump sum cover can assist with:
- Providing a cashflow injection that helps ensure business continuity.
- Supporting succession planning.
- Providing shareholder protection.
- Executing buy/sell agreements
- Debt protection.
In the event of a short or long-term disability to a business owner or key person, regular monthly covers can assist with:
- Providing a monthly income to help keep the business running.
- Replacing lost earnings.
- Covering the cost of a replacement a key person.
- Covering business expenses.
Whether your customers are sole traders, partners operating a partnership or a key person in a company, our business insurance can offer tailored protection. It can also offer them access to protect the growth of the business and cover for ongoing expenses.
Keen to know more about Business insurance?
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Express your interest.Our lump sum business protection includes:
Life cover.
If someone crucial to the firm’s profits, or one or more business owner(s) was to die, having Fidelity Life's Life cover insurance can assist with the facilitation of business ownership transfer, provide a lump sum cash injection to keep things running smoothly, fund desired succession plan, provide debt, business ownership and shareholder protection.
| Available in Platinum Plus |
Trauma & Trauma multi.
When it comes to serious medical issues or illness,can’t afford to muck around. Nobody wants to have to think about this stuff, but when not being able to work as usual, care costs can mount up quickly. Trauma cover takes away a lot of the financial pain, so the focus can be on getting better while covering medical and recovery costs – all while keeping the business supported.
| Available in Platinum Plus |
TPD accelerated & standalone.
This Total and permanent disability (TPD) policy can help make sure that the business can have the financial support to help make the right decisions for the future. For example, if a transfer of shareholdings is needed if the insured person becomes totally and permanently disabled and is no longer able to work in the business. You can take it with Life insurance or take it as a stand-alone.
| Available in Platinum Plus |
Regular monthly covers.
We also offer protection especially designed for rural businesses.
Key person cover.
Key person cover contributes up to $30,000 per month towards replacing a key member of staff for 1 or 2-years, if that person’s unable to work due to sickness or injury. A payout helps keep things running smoothly until the key person gets back on board and can be used in any way the business needs it.
If your customer has been self-employed for less than 3-years they can apply for key person cover as a new to business cover with a reduced benefit level and a 1-year benefit period.
| Available in Platinum Plus |
Business expenses cover.
With business expenses cover your customers can keep their business running if they suffer illness or injury. Whether they’re a sole trader, small business owner or in a partnership, they can claim the costs of running their business if they’re unable to work due to illness or injury over a 2-year period.
| Available in Platinum Plus |
Rural key person cover.
Farming businesses are particularly vulnerable in the event of a loss of a key worker due to sickness or injury. Rural key person cover will pay a monthly income, allowing your customer to replace that person and keep the farm ticking over. This policy provides a replacement income of up to 35% of gross farm turnover, up to a maximum of $10,000 per month.
| Available in Platinum Plus and Platinum Plus Level Term |
Key person cover for farmers.
This cover’s especially designed for new or young farm owners, managers, sharemilkers and contract milkers. It helps cover the cost of a replacement for up to a year if disability or illness strikes the farmer or a key employee. To apply, farmers only need 12-months experience and must meet other revenue and ownership criteria.
| Available in Platinum Plus |
Available with business cover:
These are a selection of the covers and options available and require payment of an additional premium – for full details please read the customer brochure.
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If your customer is totally disabled, or they are receiving a partial disability benefit under an income protection type cover on the same policy, the premiums due on the entire policy after the waiting period ends will be waived. While your customer needs to pay premiums during the waiting period, any premiums paid during that period will be refunded.
Related covers.
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Life cover provides a lump sum payment to help with ongoing business expenses and allows the time required to make good decisions about the future.
Go to the Life cover page for more information on Life assurance cover.
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A business might have a need for cash flow should one of its key people or shareholders die, suffer a trauma, or become totally and permanently disabled. Survivor’s income cover can provide a benefit for a minimum of 2 years to help the business through this time.
Go to the Life cover page for more information on Survivor's income cover.
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Your customer’s business could be put at risk if they or a key team member became totally and permanently disabled and unable to work for the rest of their life. Total and permanent disability (TPD) cover lessens this impact by paying a lump sum payment to help meet any on-going obligations and better plan for the future of their business.
Go to the TPD cover page for more information.
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Trauma cover makes sure your customer’s business is supported financially with a lump sum payment if they or a key team member are diagnosed with a covered serious medical condition.
Go to the Trauma cover page for more information.
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Providing insurance protection for employees will give them confidence in their financial future should something happen to affect their ability to work.
Group cover can provide cover for life insurance, total and permanent disablement, trauma and income protection for eligible employees on a single premium basis. In many cases cover will be granted without any evidence of health for eligible employees up to an automatic acceptance limit.
Go to the Group cover page for more information on Group protection for employees.
FAQs.
We’ve compiled a list of the most commonly asked questions about this cover. For the full run down though, it’s really important you read the customer brochure.
See FAQs-
If your customer has been self-employed for less than 3-years they can apply for Key Person Cover as a new to business cover with a reduced benefit level and a 1-year benefit period.
Need more info?
Contact your Business Manager or call us on 0800 88 22 88 - we’re here to help.
Or if you want more information on business insurance let us know on the form below.
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