What would happen to your business if illness left a key member of your staff or business partner unable to work for several months? Statistically, the chances of this happening are higher than you might imagine and the financial impact on the business can be devastating.
There are solutions that you can use to protect your business in such situations. A comprehensive plan could provide benefits in the event of death, disability or a major medical condition. The plan would be funded by an insurance policy, owned and paid for by the business.
HSBC can help by introducing you to an OAMPS insurance broker to put together an insurance package, assist in your Business Succession Plans and buy/sell agreements for your business.
HSBC Bank Australia Ltd (the Bank) refers customers to OAMPS Ltd who arrange the types of insurances described in this document directly with insurance companies. The Bank is not the representative or agent of any of these insurance companies, nor does the Bank arrange the insurances. The insurances are not investments in or deposits with the Bank. No HSBC Group company has any liability in connection with policies issued by the insurance companies referred to. The Bank does not guarantee payments under the insurances. The Bank is entitled to a commission on premiums for all insurances issued following referrals made by the Bank.
General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice, you should consider its appropriateness. A Product Disclosure Statement (PDS) for these insurance products should be obtained from the insurer. The PDS is relevant when deciding whether to acquire or hold a product.