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Business Loan Protection Insurance In the event of the death, disability or illness of a business owner who has given personal guarantees, Business Loan Protection provides funds to assist with the honouring of personal guarantees and the repayment of debt.
Designed for self-employed people, it protects the business owner and their family in the event they can no longer service a business loan due to illness, death or disability. The policy is fixed to the duration of the loan, and will expire once the debt is repaid. |
Why you need Business Loan Protection insurance In the event a loan guarantor can’t work due to death, illness or disability, Business Loan Protection will help your business to service and repay loans and settle personal guarantees.
To enable the business to repay loans, debt and creditors and to settle personal guarantees in the event of unexpected calamity. |
For advice or help, talk to an experienced adviser.
You may need a specific mix of business insurance to ensure you can stay in business in the face of unexpected life events. Our advisers will help you to establish the best balance between risk and the cover your business requires to continue to thrive. Arrange a consultation with one of our advisers. |
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