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The need
Sudden loss of expertise due to death or permanent disability could have a devastating impact on a business. High replacement costs, in addition to a slowdown in turnover, could further strain the cash flow.
The solution
Buy and Sell solution presents a smooth exit to a co-owner of a business in the event of death or permanent disability, ensuring continuity of the business.
Need to set up a contract.
The need
To ensure that employees do not abuse labour legislation relating to the sick-leave entitlement. The ripple effect hereof will be to save on unnecessary expenditure for temps, decrease salary costs, increase profits and the value of the business by improving the productivity of employees.
The solution
The business diverts an amount equivalent to the daily pay rate of each staff member into an investment it owns. The result is that a lump sum of capital is available to be paid to those individuals who fulfil the terms and conditions set out in a service agreement as an incentive.
The need
Unexpected illness or accident involving the business owner temporarily impact the business cash flow position to such an extent that the business may not be in a position to pay its monthly business overheads.
The solution
Business Overheads Protector pays the business a monthly benefit to meet business overhead commitments if the business owner(s) or a key member of their staff is temporarily unable to contribute to the funding of the running costs of the business.
The need
Employers who have highly valuable or key employees may find it very difficult to retain their services in the face of competitors offering better remuneration packages. In addition, the loss of employees with special skills or knowledge may result in a financial loss to the employer. While salary increases may provide a solution, they do not guarantee that the service of key employees will be retained.
The solution
The basic solution is some form of financial incentive, over and above the employee's salary, which should discourage the employee from leaving. This can be done through a cash payment (bonus) paid from an investment scheme, participation in profit share or via a share option scheme.
The need
Where sales are essential for the survival of the business, credit sales bring a risk of default or non-payment. The risk of default due to the debtor's death or permanent disability is large.
The solution
The risk can be reduced through the appropriate use of a insurance policy. By insuring the debtor's life, the outstanding balance of the debt can be settled immediately in the event of his/her death or permanent disability.
The need
Death or permanent disability of a co-owner in the business could jeopardise the existence of the business. Remaining owners may be unable to purchase the deceased owner's equity in the business.
The solution
Buy and Sell solution presents a smooth exit to a co-owner of a business in the event of death or permanent disability, ensuring continuity of the business.
Need to set up a contract.
The need
Sudden loss of expertise due to death or permanent disability could have a devastating impact on a business. High replacement costs, in addition to a slowdown in turnover, could further strain the cash flow.
The solution
Buy and Sell solution presents a smooth exit to a co-owner of a business in the event of death or permanent disability, ensuring continuity of the business. Need to set up a contract.
The need
The greatest asset is probably your ability to earn an income important to protect income against unforeseen events such as illness or injury.
The solution
Protect income better with monthly income protection rather than lump sum benefits. There is no need for complex calculations about how much lump sum cover will be enough. You can decide upfront to what extent you want to cover your monthly income and for how long.
Protect your business with insurance you can trust.
A financial solution that enables businesses to anticipate and find solutions to financial problems, which may arise due to death, disability or retirement.
Three participants of the business are identified:
