• Personal Risk Covers
• Finance Broking
• Employee Benefits

Personal Protection Products

• Loss of Income Insurance - Will insure an individual's greatest asset - their income. This policy will insure that should you be unable to work due to illness or injury that you will continue to receive up to 75% of your income.
• Life Insurance - Will provide a lump sum payment in the event of death or terminal illness. This policy is designed to provide a person's loved ones with on going income and the ability to repay debt.
• Total and Permanent Disability Cover - Will provide financial peace of mind in the event that you are deemed medically unfit to work again.
• Trauma Insurance - Will provide you with a one off lump sum payment in the event that you suffer from a life threatening illness or disability such as a heart attack, stroke or life threatening cancer.
• Health Insurance - Provides you with the ability to jump the public waiting lists and gain access to private health care for hospitalisation, specialists and diagnostic procedures.

Business Protection Products

When looking to minimise the risks that any business faces we look at the following areas:

Key People

When analysing the need to insure key people we focus on the impact that loosing a key person would have to the operation and liquidity of your business and offer solutions which will ensure its on going profitability to the satisfaction of the business owner's, shareholder's, creditor's and client's. A person could impact the liquidity and operational effectiveness of a business if:

• The KNOWLEDGE AND SKILLS they possess are a crucial element to the operation of the company and, if those knowledge and skills would be difficult, time consuming, costly or impossible to replace.
• Their RELATIONSHIPS with the company's clients are so exceptional that their absence would mean the potential loss of those clients to the business.
• The acceptance of lending facilities, loans or DEBT REPAYMENT was contingent on the active participation, association or presence within the company of that key person.
• There are any CONTRACTS which the company has entered into which state that they were implemented contingent on the ongoing participation of that key person within the company.

Buy/Sell Agreements

In order to maintain control of a company, shareholders may decide that if a major shareholder dies or is permanently disabled with no hope of returning to work, that they would like to buy the shares from the effected shareholder. If the business does not have the funds to pay for this transaction then insurance can be used to provide the funds needed on the death, total and permanent disablement or the diagnosis of a life threatening illness or injury of the insured person. The use of insurance is an economically prudent tool as the cost is a fraction of the cost of borrowing the funds from a lending institution and provides the company with the peace of mind of having a plan in the event of such a tragic event.

Contact Lisa Cocks for further advice.
Telephone: +64 9 815 1247
Fax: +64 9 815 1251
Email: lisa@spgroup.co.nz