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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.