Business Debt Protection
Running a business often means taking on financial commitments – loans, equipment leases, or personal guarantees that keep the wheels turning. But what happens if something unexpected stops one of the key people in the business from being able to work?
At NextWave, we help business owners plan for that possibility, so financial pressure doesn’t add to the disruption of losing a key team member.
What Business Debt Protection Covers
Business Debt Protection is designed to repay business debt if a key person – such as a director, shareholder, or guarantor – passes away, becomes disabled, or is diagnosed with a terminal illness.
This ensures:
- Loans and guarantees are repaid, not passed on to family or surviving business partners.
- Operations can continue without financial strain or emergency borrowing.
- Assets remain secure, giving lenders and partners confidence in the business’s stability.
It’s one of the most effective ways to protect both your business and the people behind it.
How It Works
We start by understanding how your business is structured – who the key people are, what debts or guarantees exist, and how they’re secured.
Then we tailor protection to match those commitments, so cover fits your unique situation, not a template.
Why It Matters
Many businesses operate under personal or director guarantees – meaning that if something goes wrong, personal assets are on the line.
Business Debt Protection can prevent that. It provides funds to repay business debts so:
- Surviving partners aren’t forced to sell assets or take on more debt.
- Family members aren’t left carrying financial obligations.
- The business can focus on continuity, not crisis.
Our Approach
Every business is different – and so are its risks.
We take time to understand:
- Your business structure (company, partnership, trust, etc.)
- Key people and their financial roles
- Debt obligations and loan terms
- Any personal guarantees or security linked to those loans
From there, we design a protection plan that fits your reality.
And as your business evolves, we review your cover to make sure it stays aligned — through every wave of growth and change.
Next Steps
Business Debt Protection isn’t just about covering loans – it’s about protecting the people, partners, and future behind your business.
Book a conversation with NextWave to review your current debt exposure and ensure your business can keep moving forward if the unexpected happens.
Why Choose US
Relationship-Driven Advisory
Long-term, multi-stage support from advisers who know your family – not a call centre.
True Claims Advocacy
The real test of insurance isn’t when you buy the policy – it’s when you need it. We step into the process, prepare documentation, and advocate for fair outcomes where needed.
Multi-Provider Access
Tailored solutions from multiple insurers, not a single product suite.
Referral
Based
Life-Stage Based Planning
We don’t sugarcoat premiums or promise unrealistic pricing stability.
Honesty Over Sales Tactics
Plan for tomorrow, today. Smart guidance to choose the right fund and stay on track for your retirement goals.
Lived Experience
We’ve personally navigated trauma, disability, and claims. This changes everything about how we advise.