Insurance Glossary
Insurance terms explained in plain English.
Insurance doesn't have to be complicated.
We've created this glossary to explain common insurance terms in simple, easy-to-understand language. Whether you're taking out insurance for the first time or reviewing your existing cover, this guide will help you better understand your policy and make informed decisions.
If there's a term you can't find, we're only a phone call or email away.
Debt Protection
Debt Protection helps a business repay or reduce business debt if a business owner, shareholder or key person dies, becomes seriously ill or suffers a total and permanent disability, depending on the policy structure.
Shareholder Cover
Shareholder Cover helps protect a business if a shareholder dies, becomes seriously ill or suffers a total and permanent disability by providing funding to support a planned transfer of ownership.
Key Person Cover
Key Person Cover provides financial protection for a business if a key employee or business owner dies, becomes seriously ill, or suffers a total and permanent disability, depending on the policy selected.