Providing a safety net

It’s about protecting you, your business and your family.

There are many types of insurance. Car or home/contents insurance allows you to insure your belongings. Personal insurance policies are an important part of your financial strategy, enabling you to insure yourself and your ongoing wellbeing.

Personal insurance provides protection against sickness,

injury and death, and includes:

• Life insurance
• Total and permanent disability insurance
• Trauma insurance
• Income protection

 

While insurance doesn’t remove the risk of something going wrong, it provides you and your family with protection and financial security if something does happen.

The amount of insurance you need is affected by:

• how much you earn
• your cost of living
• your assets
• your liabilities
• your relationship status (whether you are married, in a

 

de facto relationship or single), and

• how many dependents you have.

 

Business Expense Insurance

If you’re self-employed or in a small partnership, your extended absence from the business through illness, injury or death can have a major impact. Your absence may mean business revenue and income reduces significantly, but business expenses probably won’t.