Key person start-up cover
If you or a key person become disabled and was unable to work we'll pay you a monthly benefit to compensate for any business losses.
Why do I need key person start-up cover?
Key person start-up cover is specifically designed to protect new small businesses from the financial impact caused, if you or a key person is unable to work due to an illness or injury, by providing pre-agreed monthly payments to ensure your business stays afloat while you or a key person recovers.
It provides the following benefits:
-
Total disability benefit
A monthly benefit if you are unable to work due to becoming disabled as a result of an illness or injury. -
Recurrent disability benefit
we'll waive your waiting period if your disability recurs within six months of going off claim -
Death capitalisation benefit
Additional one-off lump-sum payment if you or a key person dies while on claim -
Optional partial disability
A partial benefit if you are only able to work in a reduced capacity
This brochure is for information purposes and is a summary only. Please refer to the policy wordings for our full requirements and eligibility criteria. The content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a financial advice service. It is recommended you seek financial advice which takes into account your individual circumstances before you acquire a financial product. This brochure is based on information current as at October 2021 and is subject to change.
Other business covers


Trauma cover
We’ll pay you a lump sum if you or a key person suffers from a defined serious illness


Complete disablement cover
We’ll pay you a lump sum if you or a key person within your business becomes completely disabled through illness or injury


Business overheads cover
Monthly payments of eligible business overheads if you're unable to work due to disability as a result of illness or injury


Life cover
We’ll pay you a lump sum if you or a key person dies or is diagnosed with a terminal illness


Key person start up cover
If you or a key person are unable to work we’ll pay your business monthly to compensate for any losses
