As a business owner, you can choose from a range of traditional and specialised insurance products to ensure you are covered for the risk exposure you face. We will protect your directors, officers and employees against lawsuits; cover your assets against potential dangers like fire and theft; and protect your legacy.
Secure your business future
Let’s help protect you, your business and your partners in the event of death or disability.
What you get and how to get it
If your business is unable to continue making payments on a bank loan for which you have signed surety, we’ll repay the outstanding amount without affecting your estate.
Our Buy and Sell Solution provides a surviving business co-owner or co-owners with cash to purchase shares of a deceased business partner.
How it works
- The value of the business is assessed by a qualified professional.
- The shareholders take out life insurance policies on each other’s lives, to the value of the company.
- The shareholders enter into agreement with each other to use the proceeds to purchase the shares.
- Upon death of a shareholder, the life cover pays out, funding the surviving shareholder’s purchase of the deceased shareholder’s interest.
Safeguard your legacy
You’ve worked hard to start and build your business but what will happen when you pass away? Let’s help you plan your life and your business future accordingly.
See our fiduciary services
Need more help?
Let one of our consultants assist you.
Contact your existing Enterprise Banker/Relationship Executive or Financial Adviser or call Absa Business Banking on: