MFAA

Products/Services > Business Risk Management

Ensures the risk of loss from events out of your control as a direct result of operating your business. The three main types of insurance available are Buy/Sell agreements, business overheads and key persons

Buy/Sell Agreements  

Ensures that where there is more than one owner in a business, should one of them die or suffer a trauma or event that prohibits that owner remaining in the business, a proper structure is in place to facilitate the transfer of this ownership. This is normally supported by a life insurance policy for death, trauma or total and permanent disability equal to that owner's share of the business.

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Business Overheads

An amount of money paid by your insurance company to your business ensuring that your fixed and ongoing monthly expenses are paid while you are unable to work due to an illness or accident.

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Key Persons

Ensures that in your business, the individual principally responsible for the profitability of your business is insured against death, traumatic illness or event.

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