Business Policies

It can be a complex task ensuring you have minimised all the risks involved in owning and operating a business.
Business insurance specialists, Caro & Co has developed a full risk mitigation strategy in consultation with insurance companies, trust lawyers and accountants.
It’s designed to take the big financial risks from your business if you are sick or injured, and so you can focus on growing your business assets.

Shareholder Protection

You’re a business owner. Your company is ticking along until suddenly, you or a shareholder dies or becomes disabled and cannot return to work. Where would you find the money to purchase his or her shares? Pay from the business trading account? Mortgage your home? Take out a company loan? How does the surviving family get the value of the shares out of the business? How would the business fund this? Shareholder Insurance guarantees your financial outcomes by mitigating this risk.
Caro & Co will work closely with you to gain complete understanding of your business, and to preserve financial wealth for you and/or beneficiaries and future shareholders. The shareholder protection insurance Caro & Co implements for you will guarantee you peace of mind with its financial outcomes.

Loss of Revenue Protection

Revenue protection ensures you have the financial capability to carry on operating your business if a shareholder or key staff member dies or suffers an illness or becomes permanently disabled and are unable to return to work. This can result in a shortfall in sales, loss of know-how, expertise and strategic direction.
Business revenue insurance provides you with replacement revenue to meet the business’ normal operating expenses and the cost of sourcing a suitable replacement or locum. This guarantees your business maintains its financial position while it recovers from the loss.
Caro & Co will structure the right Loss of Revenue Protection policy for your business.

Key Person Protection

Many businesses rely heavily on a handful of key staff members, including the owner. They’re critical to achieving company objectives, so the unexpected loss of a key member of staff can create financial disaster for the business. Key Person Protection minimises the financial effect and gives your business the best chance of staying solvent following the loss of a key person.
Caro & Co will work with you to help to determine what effect this could have on you and your business,and suggest ways to minimise the risk. A Key Person Protection Plan will provide the business with cash to meet increases in expenses; replace ensuing loss of revenue; reduce business debt to decrease outgoings; cover the costs of finding and training a replacement; replace the loss of profit.

Debt Protection

Acquiring debt to grow or fund a business is a good thing, and in many cases represents optimum use of capital. But you may be locked into fees, interest, leases and large contracts with personal guarantees (must) delete provided by the business owners to secure the debt. Lenders will go to extreme lengths to you, your family and your other business partners should something happen to you or another business partner.
Business Debt Protection provides you with sufficient cash to service or repay liabilities upon specified events – death or serious disability, for instance – to minimise the likelihood of the guarantor’s personal assets being called upon to meet the obligations.
Caro & Co’s team of specialists are specifically trained to help simplify and structure a debt protection plan exclusively for you and your business.

ACC Levies

Accidents happen. That’s a fact!  As a self-employed person you may have Cover Plus Xtra insurance, but did you know with the correct income protection in place, you can lower your ACC levies. Caro & Co will work with you to advise you on your best options should you have an accident.