certainty financial

Most companies understand risk management as it applies to physical assets; buildings, stock, and equipment. Many have embraced the importance of covering human capital. As has been said "…the intellectual value of the business gets in the elevator at the end of each day and leaves the building!"

Why then, we might ask, do we not more thoroughly examine the downside of human damage before difficulties arise? Perhaps the answer lies partly in that frequently expressed assumption. 'Our people are covered for that...aren't they?'

Well, perhaps…and then again, perhaps not.

At Certainty Financial, as our name suggests, we like our clients' affairs to be a little more cut and dried than that, particularly in the area of 'corporate risk'. We define corporate risks as those events that deliver severe challenges to a business as a result of the impact to the human condition from injury or sickness resulting in loss of income (a sheer disaster for many), to death resulting in the destruction of human life value (the ultimate loss for all).

All businesses carry an exposure to their employees not being able to continue to work in their existing capacity. Our team is highly experienced in helping to transfer these risks to underwriters for a few cents on the dollar, thereby saving the business having to bear the full cost. It's a core skill and a rare one.

Many advantages can accrue within a company-arranged corporate risk management plan (for income protection or human life value, for example). Some advantages include:

	reduced premium rates due to economies of sale;
	a highly valued and contemporary employee benefit;
	a framework to set uniform policy for the treatment of employees who are unable to continue to work, removing the need for arbitrary decisions on who to support, and for how long;
	transfers the financial and moral obligation from the business;
	automatic levels of cover irrespective of health and pastimes;
	tax deductibility and favourable FBT treatment;
	independence and dignity for employees and their dependants to maintain their standard of living and manage their illness or injury.

In addition, improvements in conditions and types of cover have been introduced in recent years suggesting that a review of any existing arrangements would be a particularly prudent exercise.

We'd be delighted to assist you in that review process with our proprietary corporate risk checklist. Because it's both simple and effective, it helps us to research and tailor specific risk solutions for your company.

Want to be certain you've got the right corporate policy for your people? We invite your call for a brief consultation with one of our consultants.

	Group Income Continuance Plans
	Group Death and Disability Plans
	Superannuation Group Insurance
	Reviews and Tenders
	Benefit Design
	Ownership Structures

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