I suppose the answer is, ‘as long as it needs to be and as much as you need to have’.
But that's probably not going to move the answer along much, so here is a good place to start your thinking.
These become increasingly sensitive and complicated issues for business owners and business partners who may have specific personal medical issues that deserve an enhanced level of privacy and are kept totally separate from their commercial activities.
Personal insurance applications are one of the very few areas in business life where an individual's personal health and lifestyle is mandatorily required to be disclosed.
This is why you need a specialty financial adviser from unusualrisks.com.au to help an individual and their company through the process.
The death or disablement of a key person could have a significant impact on the revenue of a business and therefore its ability to meet its day-to-day expenses.
Business Overheads cover, (also known as fixed business expenses cover), allows a business to continue to pay its fixed expenses if one of the business owners becomes sick or injured.
Insurance policies to cover business overheads are generally owned by the business entity, sole traders or partners (in the case of a partnership and the policy premiums are generally tax-deductible, and the proceeds treated as assessable income to the business.
Building protection into your business planning is one of the most important decisions you can make.
At some point, many businesses will borrow money from a financial institution or a director – this may be to provide a business with capital for a major purchase or improvement, or simply to provide a source of working capital.
The purpose of business debt reduction insurance is to protect the business against its debts and to protect the guarantor and their estate against any claim over their personal assets.
Most 'at call loans' deem a Key Person death or disability as an automatic trigger event to call up the loan.
If you own a business with other people, it’s important for everyone to agree on how the ownership of the business will be transferred, should one of the owners (or principals) pass away, become disabled, or leave the business for another reason; eg: resignation or retirement.
How that is made possible is usually heavily dependent upon;
These create multiple specialty risks.
Unusual risks are the experts to manage and protect the information security and advice structures required by these business owners and professional partnerships.
Absolutely. People in business (especially those working with a team of multiple business partners) are at a higher statistical risk of business interruption due to accident or ill health in the management team. We can work with a business, identify the points of vulnerability and tailor a solution.
When we implement the businesses solution, we also work individually and discretely with the business owners and keep confidential everyone's personal health status. All personal data is individually quarantined and is never shared with anyone else in your business.
When it comes to being single in the LGBTQI+ community, there's really no such thing as average.
And it's your single life, so live it your way.
When it comes to being partnered in the LGBTQI+ community, there's really no such thing as average.
There's no right or wrong way to live a purposeful life, just what works for you both.
When it comes to parenting in the LGBTQI+ community, there's really no such thing as average.
However you're doing it, Love makes a family.