Step 3: Risk Plan
No-one wants to think of the worst, but smart business owners plan for it. Just in case.
Securing your family’s cash flow through savings or insurances is an important step.
Are you and your family protected financially? Is your most important asset – your ability to earn an income – protected? What would happen to your family’s financial security if you suffered a long-term illness or passed away? Would you have sufficient savings to be able to support your family?
Like many Australians, you may be unaware of what insurances you have and if they offer adequate protection for your current circumstances. Creating a personal risk plan based on your current circumstances identifies the available avenues for you to protect you and your family.
Creating a risk plan is so much more than just buying insurance policies. We work closely with authorised risk advisers who research and recommend appropriate and value for money insurance protection, both personally and for your business.
Both General Insurance and Personal Insurance will be considered in your Risk Plan.
General Insurance protects your assets and includes policies such as:
- Property Insurance (Home and Contents)
- Motor Vehicle Insurance
- Other business and industry specific insurances such as Plant & Equipment Insurance, Management Liability insurance.
Personal Insurance and Asset Protection services to align to your overall financial goals such as:
- Term Life Insurance
- Total and Permanent Disability Insurance (TPD)
- Critical Illness/Trauma Insurance
- Income Protection Insurance
- Health Insurance.