Many New Zealand small businesses fail due to the loss of key employees.
Despite this fact 32% of Company Directors have indicated they do not have plans in place to manage this risk.*
When you consider that New Zealand faces increasing labour shortages and businesses struggle to attract and retain talent this is a concerning exposure for your SME clients.
One method of mitigating key person risk is Group Personal Accident Insurance (GPA). It offers lump sum benefits for death or serious injury to employees while also covering the expense of replacement staff costs.
Chubb is now providing insurance brokers with the ability to bind their own GPA policies for SME clients.
Chubb GPA can be used as a contractual benefit to staff, or the client can receive the benefits and then provide a range of payments and assistance in the event that an employee accidentally dies or suffers a serious injury.
Our terms can be offered to qualifying mutual clients with no application form required!
Quote and bind policies directly with your clients in 3 easy steps:
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Contact us to find out how we can help protect your SME clients against key person risk.