The key to any successful partnership is trust and transparency.
Working with you to secure your future
There are many risks in a business, making the life of a business owner or manager very unique. These risks can be managed, eliminated or transferred to other parties like an insurer.
We really want to get to know you and your business - the critical areas of risk, whether that be your KeyPerson cover, debt, funding the purchase of shares from the estate of a deceased Shareholder, current commitments, and objectives & goals.
As facilitators we will work closely with your team of advisers (accountants, lawyers etc) to coordinate a business protection and succession plan specifically tailored to your business. Our unique process allows you to choose from the best products and services, and once your plan is put in place, we'll keep tabs on everything to make sure you stay on track.
Shareholder Cover is designed to fund the buy-sell agreement commitments of a business for an employee/ owner whose total and permanent disability, terminal illness or death (whatever event happens first), would trigger a buy-sell agreement.
A lump sum payment assists the remaining shareholders in buying shares from the respective shareholder or their estate. These funds provide an increased level of financial security for all shareholders. It ensures the right amount of funds are paid from the right source to the right people at the right time. It gives certainty and control to both the remaining shareholders and the shareholder's estate.
Key Person Cover
This cover is designed to provide a capital injection into the business upon either a trauma/critical illness, the total and permanent disability, terminal illness or death (whatever event happens first) of a key employee of the business.
The loss of a key person can affect a business in a number of ways such as loss of experience, expertise and knowledge, intellectual property and key client relationships. Consequently, the loss of key people can directly affect business revenue and a capital injection.
Consider this - on whom does the success and profitability of your business rely, and how easily would the business be able to meet financial obligations if something critical were to happen to that person?
Debt Protection helps mitigate the risk of personal assets, such as your family home, being put at financial jeopardy if your company were unable to meet it's financial obligations - which usually comes as a result of the loss of a shareholder. The remaining business owners would receive a payout which can be used to repay debt and reduce the risk of company or personal insolvency.
Arguably, your staff are your most important asset. Helping them maintain a healthy work-life balance through benefits such as subsidised Life and Health Insurance are a real added value to your employees, resulting in higher rates of staff retention for you and a sense of satisfaction and feeling valued for them.
We can help you access a range of benefits at wholesale rates which will offer significant discounts and cover for pre-existing conditions, tailor-made from some of the most reputable providers in the market.
Fire & General Business
Damage or loss to your business assets could have a massive impact on the future of your business. Using our relationship with a leading insurance brokerage we can assist you with Fire & General insurance to protect the assets of your business, including Material Damage, Business Interruption, Machinery Breakdown and Motor Vehicles, along with Liability insurances such as General, Statutory, and Employers Liability, and Professional Indemnity to protect your liability for any damages or injury to third parties as a result of your business activity.
Michael is an expert in his field and really goes the extra mile to ensure a professional, thorough and enjoyable experience when looking for Insurance cover or trusted Financial advice. Highly recommended.
Michael has a wealth of information to share with regards to financial planning...he has always provided valuable information to both my clients and me without being a pushy sales person!
I am thrilled with the advice and service Michael provided me for financial planning and for personal insurance. Trustworthy and a very nice chap! I highly recommend his services.
Michael has consistently provided excellent service, financial advice, support and follow-up on insurance services for my business. I would highly recommend Michael to anyone needing clear and honest financial advice.
Why getting the right mortgage structure is key
We are starting to see rates increase on a weekly basis, so now really is the time to be reviewing your mortgage - it's not all about getting the lowest rate possible, but the more they continue to go up, the harder it is going to be to pay that loan down!
Health Insurance: What Are The Benefits For You and Your Family?
If you’re fit and healthy, health insurance can sometimes seem like an unnecessary expense. New Zealand has a great public healthcare system after all, which will take care of you in an emergency or if you have a serious medical condition. So what’s to be gained from paying for health insurance? Well, it’s a question that we are often asked here at Cave Financial and so in this article we look at the benefits of taking out health insurance.
What do you do when the share markets have dropped by 10%, 20% or even 30%?
Are the share market declines keeping you awake at night?