Business Life Insurance – Star Ratings
Of the two million-odd businesses in Australia, the majority are small operations which underpin the various owners′ family lifestyles. As such, business owners who fail to protect themselves against risks they have no control over risk exposing their business and family to burdensome debt. This is where business life insurance comes in.
Any number of scenarios can present themselves during the course of running a business so it pays to take a step back and look at how you can improve the financial protection of that business. Safeguarding what you′ve built up can only happen through proper business risk management and to ensure you are not putting at risk the future continuity and performance of the business, you need to look at putting business life insurance policies in place to cover your individual situation.
At CANSTAR we have researched and rated 31 business life insurance policies across 13 insurers, assessing each on both price and features to determine which policies offer outstanding value for businesses. Our research encompasses Key Person Insurance, Business Partner Insurance and Business Expenses Insurance.
One insurer in particular stood out as offering outstanding value overall, with the other outstanding value providers in each category. The details are contained in the following pages.