Business continuity insurance in case of illness or accident
Sometimes the events of our personal lives – such as disablement from illness or injury – may interrupt and disrupt the
health and momentum of the company, leading to a loss of business income. Business Continuity insurance is designed to
ensure that any lost income is covered when the unexpected occurs.
Also called business income insurance by some, business continuity insurance provides a monthly benefit payment to help
keep your business running if a key person in the business is unable to work in the business for more than ten hours a
week (terms and condition will apply).
It is important to have business continuity insurance for your business – to cover selected directors, management and or other
key persons in the organisation who are integral to the successful operations and profits of the business - it is particularly
designed for business owners who have been trading for more than three years, as well as key employees.
In 2008, more than 1,1880 businesses closed shop due to injury to the owner or key person - make sure your business is protected.
There will be various options and benefits available from different insurers, many of which can also help you with getting your
business up and running again after the crisis has passed. To talk to a Prosper adviser today about business insurance cover that’s right for you and which meets your needs.