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Business Life Insurance

Life insurance built
for your business

Whether protecting a key person, a shareholder, or the business itself, business life insurance keeps your company financially resilient.

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FSCA-Authorised Advisers | Whole-of-Market Access

Explore Your Options

Whatever you need to protect, we'll help you compare the right cover.

Life Insurance

A one-off tax-free lump-sum payment for your loved ones in the event of your death.

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Critical Illness Cover

A tax-free lump sum if you are diagnosed with a serious illness like cancer, heart attack or stroke.

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Income Protection

Monthly tax-free payments if you are unable to work due to long-term sickness or injury.

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How Business Life Insurance Works

Step 1

Identify what the business needs to protect

Consider key individuals, ownership structure, and outstanding loans.

Step 2

Choose the right structure

Key person, shareholder protection, or relevant life insurance for directors.

Step 3

Value the cover needed

Calculate cover based on profit contribution, share value, or loan amounts.

Step 4

Policy pays out on death

The business or a nominated party receives a tax-efficient payout to stabilise operations.

Key features at a glance

Covers key people, shareholders and directors

A range of structures to protect the people who matter most to your business.

Premiums often tax-deductible

Many business protection premiums qualify as an allowable business expense.

Structured to suit your company type

Options for sole traders, partnerships, and limited companies alike.

Whole-of-market business insurer access

Advisers compare business protection specialists across the market.

Frequently Asked Questions

What's the difference between the business cover types?

Key person insurance protects against losing a vital employee, shareholder protection funds a share buyback, and relevant life insurance provides tax-efficient personal life cover for directors.

Can premiums be paid by the company?

Yes, in many structures the company pays the premiums, and these can often be treated as a deductible business expense.

Do sole traders need business life insurance?

Sole traders may still benefit from cover to protect income or fund a smooth handover, though the structures used can differ from limited companies.

How much cover does a business typically need?

This depends on the purpose — key person cover is often based on profit contribution, while shareholder protection is based on the value of each person's stake.