Protect your people, partners, and plans
What would happen to your business if a key person could not work – or passed away unexpectedly?
You work hard to build your business. We help you protect it with practical advice around key people, ownership, debt, ACC, and employee benefits.
We take the time to understand how your business works, where the risks sit, and what would matter most if something unexpected happened. Where needed, we can work alongside your accountant and legal advisers.
Business insurance options we can help with
Buy/sell agreement insurance
If a shareholder passes away or becomes disabled, buy/sell agreement insurance can help fund the transfer of shares and support a smoother change in ownership. We help you think through the intentions, funding, and practical steps needed to keep the business moving forward.
Debt and personal guarantee cover
Debt and personal guarantee cover can help protect your family from unexpected business obligations. We help identify business debts and personal guarantees, then structure cover that can support repayment if something happens to a key person.
Key person insurance
Key person insurance helps protect your business from the financial impact of losing someone who is critical to its success. We help assess the risk, estimate the potential financial impact, and structure cover that supports business continuity.
Business ownership insurance
Business ownership insurance can help a family realise the value of a business interest, while allowing remaining owners to retain control and continue trading. We help ensure the insurance is considered alongside the right ownership agreements, such as a shareholders’ agreement or buy/sell agreement.
Ready to protect your business and plan for the unexpected?
We can help you understand the risks, explore your options, and create a practical plan that supports your business, your people, and your family.
Debt insurance
Key person insurance
Are you paying too much in ACC levies?
Debt insurance
Debt insurance helps protect business owners from the financial impact of unexpected events. If a business owner or key person becomes seriously ill, disabled, or passes away, debt insurance can provide funds to repay business debts and reduce the risk to personal assets.
Many business owners are required to provide personal guarantees when taking out loans, finance, leases, or trade accounts. This means that if the business cannot meet its debt obligations, your personal assets — including your home, savings, and investments — could be at risk.
Debt insurance helps create a financial safety net, ensuring debts can be managed without placing additional pressure on your family or business during a difficult time.
How CIC Financial helps
At CIC Financial, we help you understand your exposure and put the right protection in place by:
- Identifying all business-related debts and personal guarantees.
- Reviewing potential risks to your personal assets.
- Structuring debt insurance solutions tailored to your business needs.
- Helping protect your family, business, and financial future if the unexpected happens.
Key benefits
- Protects your personal assets from business-related debt obligations.
- Helps repay business debts in the event of serious illness, disability, or death.
- Reduces financial pressure on your family and business partners.
- Supports business continuity during challenging times.
- Provides confidence and peace of mind for the future.
Most New Zealand businesses depend on a small number of individuals whose expertise, leadership, or client relationships are critical to success. Whether it’s a business owner, senior manager, top salesperson, or specialist employee, the loss of a key person through illness, injury, or death can have a significant financial impact.
If one of your key people couldn’t work tomorrow, how would your business cope?
Key Person Insurance helps protect your business against the financial consequences of losing a vital team member. Cover can be structured as either a monthly benefit to support ongoing cash flow or a lump sum payment to help offset lost revenue, recruitment costs, training expenses, and business disruption.
Protect your business continuity
Key Person Insurance is a vital component of a comprehensive business risk management strategy. It provides financial certainty when your business needs it most, helping you protect profits, maintain operations, and move forward with confidence.
How CIC Financial can help
We work with you to:
- Identify the key people who are critical to your business operations and profitability
- Assess the financial impact their absence could have on revenue, productivity, and business performance
- Design a tailored insurance solution that supports business continuity and financial stability
- Ensure your business has the resources and time needed to recover and adapt
If you are self-employed or own a small business in New Zealand, your ACC bill may feel like just another cost. We help you understand your ACC options and review whether your cover and levies are structured in a way that suits your situation.
What is ACC CoverPlus Extra?
ACC CoverPlus Extra is an alternative to standard ACC cover that allows eligible self-employed people and business owners to agree a level of income cover in advance. This can create more certainty at claim time and may also affect levy costs.
- Set an agreed level of income cover
- Create more certainty if you need to claim
- Review whether your ACC structure is still appropriate
Why it matters
ACC generally responds to accidents, not illnesses such as cancer, stroke, or mental health conditions. That is why it can be useful to review ACC and private income protection together, so you understand where the gaps may be.
How we can help
We can work with you and your accountant to:
- Review your current ACC setup
- Check whether your business classification appears appropriate
- Explore whether ACC CoverPlus Extra may suit your needs
- Consider how ACC and private income protection could work together
Schedule your free 15-minute phone call with one of our specialist advisors.
Book your free 15-minute phone call to see if we can help you with your financial life.
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