Business Continuity Assurance
The untimely death or disability of a business owner often has a detrimental impact on the business, its short-term cash flow, as well as its long-term sustainability. Momentum Business Assurance helps to protect the business and its employees against unforeseen interruptions.
- Business will continue in the event of temporary or permanent disability of the business owner.
- Protects the income streams of the business, business owners, and employees.
- Securing the livelihoods of your family and employees when you’re unable to do so.
Who should be considered?
The income your business generates is your most important asset. The business’ future, you, your family, and your employees and their families all depend on it. So when thinking about your business continuity plan, you would need to consider the below.
Business
The success of a business is
key. There are common
risks most businesses are
faced with, which can be
eased through proper
financial planning.
Owner
It is vital for you to be aware of the risks you may face and take all reasonable steps to prevent your business from financial ruin.
Employee
It’s crucial for the business to retain its employees and to provide them with the opportunity to identify, assess and address their financial risks.
What we offer
Business Continuity Assurance provides you and your business with solutions to protect and provide for your business when you no longer can.
Protecting against risk
The ill health, disability, or death of a business owner can be detrimental to its long- term sustainability. If your business cannot maintain its overheads, it faces losing clients, employees, and potential insolvency. Business Continuity Assurance protects your business to continue generating an income for those that depend on it.
Protection for businesses
A business, like any individual, needs a detailed financial plan. This ensures that all risks are identified and dealt with. While businesses face many risks, some are more crucial than others. Here are some questions to consider and the solutions we offer.
Does the business have outstanding debt covered by surety?
Does the business owe money to the owners?
How do I protect my business against the loss of key employees?
Can I cover my business overheads expenses?
Protection for owners
Business owners invest their time, energy, financial resources, and most of their productive lifetime in their businesses. It is important for the owner to be aware of the risks they may face should they no longer be able to take care of their business.
What will happen to the business when the owner dies, or becomes disabled or is critically ill?
Can I provide for my business overhead expenses and income?
Am I owed money by the business?
How do I make provision through my will?
Protection for employees
Your employees are key to the successful operation of the business. With Momentum Employee you can provide them with the opportunity to identify, assess, and address their financial risks.
How can you help reduce the
impact of death, disability, or
critical illness on
your
employees?
Do your staff members have executable wills?
Related products
Provision for any business disruptions
Momentum Entity protection and provision can reduce the risks to ensure continued success and the existence of your business entity by providing you with accurate financial planning assistance.
Provision for business
The business can eliminate certain risks by making timeous provisions for settlement of debts, future expansion, and retention of staff.
How do I retain my employees?
How do I ensure capital for future business needs?
Provision for owners
With Momentum Owner, business owners can eliminate certain risks by making timeous provisions for their retirement, which entails practical exit strategies from the business, as well as the repayment of loan accounts upon retirement.
As an owner, do you have an exit strategy from the business?
As a business owner, have you made provisions for your retirement?
Have you considered your repayment of loan accounts upon retirement?
Provision for employees
A business can help employees eliminate certain risks by making timeous provisions for their retirement, and also retain its employees by making provision for financial rewards and incentives.
How can you help your employee/s make provisions for retirement?
How can you retain your employees with financial rewards and incentives?
Solutions for your business to continue without interruptions
Become one of the thousands of businesses covered by Momentum Business Assurance. Our market- leading life insurance products will ensure your business will be able to continue after your death or during a period where you are booked off from work.
Solutions for business
Contingent Liability Cover
Solutions for owners
Solutions for employees
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