What is GREENLIGHT Business Contingency Cover?

An owner of a company often has to provide personal security for a loan taken out by the business. The problem for the owner is that he or she will be personally liable for the debt if the business is unable to repay the loan. Should the owner die before the debt has been settled, the creditor can claim the outstanding money from his/her estate. Business Contingency Insurance protects the business as well as the heirs and dependents of the business owner.
Who is it for?
  • Protects the business from any adverse effect on its creditworthiness as a result of death or permanent disability of the person who stands surety
  • The outstanding liability is settled in full if the cover is equal to or more than the debt covered
  • The financial resources of the business are not put under any undue strain due to an unexpected claim
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    Why GREENLIGHT Business Contingency Cover is right for you
    Ready to get covered?Speak to your Financial Adviser to find out more or call us on +264 (0) 61 299 3999