D-Fin Financial Services
| Contact Details: | ||
 Tel: 033 396 5466 |  Fax: 086 654 2945 |  www.dfin.co.za |
Description:
Financial services, Short term insurance, Long term insurance, Medical aid etc.
Short-term insurance in the small business arena is not limited to covering physical assets but extends to key individuals who are critical to the success of that small business.
A small business owner tends to rely on a few key people to achieve success.
Key People Insurance:
Unlike corporate or institutions which employ a pool of skilled individuals, the small business owner relies on a handful of key individuals. These individuals are critical to the success of the business. It is only natural that you would like to ensure business continuity should anything happen. The following products from Greenlight offer the cover you need for peace of mind.
These are:
• Key Person Insurance.
• Business Liability Protection.
• Buy & Sell Insurance.
Business Liability Protection:
An owner of a company often has to provide personal security for a loan taken out by the business.
But what happens to the debt should this person die or become disabled?
The problem for the owner is that he or she will be personally liable for the debt if the business is unable to repay the loan. Should the owner die before the debt has been settled, the creditor can claim the outstanding money from his/her estate.
This has an impact on the business owner's heirs and dependents. It could even result in the estate being declared insolvent if debts exceed assets.
Worse still, if the owner becomes disabled, the creditor has the right to claim the amount from him or her personally.
Co-owners may feel the impact too. They may be forced to sell some of the business' assets if the funds cannot be raised via traditional means