Who Owns a Key Person Insurance Policy and How Are Payouts Used?
Key person insurance ownership affects who controls the policy, who pays premiums, who receives a payout and how the money may be used if a key person dies or becomes seriously ill. This guide explains common Australian business structures and how they differ from buy-sell and personal life insurance. - read more
Understanding Keyman Insurance: A Practical Guide for Australian Business Owners
Keyman insurance, also known as key person insurance, is designed to help a business manage the financial impact of losing a person whose skills, leadership, relationships or knowledge are central to its operations. For Australian startups, small businesses and established companies, it can form part of a wider business continuity and risk management plan. - read more
How to Estimate an Appropriate Level of Key Person Insurance Cover
Estimating key person insurance cover involves looking at the financial effect of losing a critical person, including revenue dependency, replacement costs, debt exposure, project disruption and business continuity funding needs. This guide explains practical factors Australian businesses can consider before requesting quotes or professional advice. - read more
Is Key Person Insurance Tax Deductible in Australia?
Key person insurance tax treatment in Australia depends heavily on why the policy is taken out, who owns it, who receives the payout and whether the cover protects revenue or capital. This guide explains the general principles businesses should understand before seeking tax advice. - read more