Insure Otago offers independent advice on commercial debt protection

Name: Insure Otago
Address: Level 2, Petridish Building, 8 Stafford St, Dunedin Central, Otago
Telephone: 03 474 5855
Price range: $$

Often we’ll have insurance for our home loan, so it makes sense to extend that protection to cover the core lending in our business for its premises, stock, and equipment. Insure Otago will work with you to understand what your business insurance cover could look like in this space and will go to the market to source competitive policies for you. Get in touch today.

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Protect your business from debt risk with smart insurance strategies

Debt protection insurance helps repay commercial lending should a shareholder or key person suffer a serious illness or disablement, and in the worst case, sudden death
Having the ability to pay down or pay off commercial loans or personal loans linked to the business leaves shareholders in a superior trading position
Debt decreases cash flow so being able to pay it off should the worst happen is a prudent step for any shareholder

Insure Otago can advise you on a business insurance package that helps cover your business’s debt position and key people

03 474 5855

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What is debt protection insurance?

Business or commercial debt insurance is about being able to settle loans in full when an event such as loss of life or disablement makes it difficult or impossible to do so. Your bank or lending institution can be confident that, in the event something unexpected happens, they are protected. It removes their ability to call on personal assets or shareholders to repay loans at a challenging time, which in turn protects the business. Insurers often want additional details about the business and its history before agreeing to cover, and Insure Otago will help you navigate these to ensure your business is underwritten correctly.

What does debt insurance cover?

There are several events that a business owner can address when talking about debt repayment. The most obvious is the sudden loss of a key business owner or employee through loss of life. It may also be a major illness or a permanent disablement that causes a loss of profit or, worse, insolvency. We have strategies for these eventualities, and it is important that they are customised to your business so it is fit for purpose. We can help identify priorities and go to the market for the right protection.

How Insure Otago can help...

Talk to your independent Insure Otago advisor, who can help guide you through ensuring your business lending is adequately insured.

Personalised Solutions for Business and Personal Insurance

Located in Dunedin and Central Otago | All enquiries welcome