Contingent Liability

What Is Contingent Liability Cover?

Contingent Liability Cover refers to a policy that a company takes out on the life of a director or an employee that stands as a sort of guarantee for any debts that the business might take on. The cover should be equal to the loan taken out.

How Does Contingent Liability Cover Benefit Your Business?

Taking out Contingent Liability Cover is an effective way of protecting your business in the early days when you are starting it up. You as the owner can stand surety for a loan which can cover any start-up expenses or new loans.

Contingent Liability is thus an excellent way of protecting your personal and new-business interests by making sure in the event of your possible death your family, and your business debt are kept separate and the heirs of your estate are not affected by your business affairs.

Service Service Service!

At MBFS Service is a priority, Our service gets more done in less time, allowing our clients to get on with the things that are most important to them. How do we do this you ask? We achieve this through having the most experienced brokers in the industry at your beck and call 24/7, and if that wasn't enough they work alongside a 24 Hr call centre that are specifically trained to deliver the right results quickly when dealing with your claims and queries.

Finally we get our clients claims ready, which means that our clients have the peace of mind that they are 100% covered for any eventuality and that their claims will be paid out and handled quickly and successfully!