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Business Insurance

What is business insurance?

As with life, nothing is truly assured in business. Accidents happen, and a business insurance plan suited to your needs will ensure that an unforeseen event won’t cripple the operations of your business. Things such as property damage, legal liability, and employee injuries can tarnish the success of a business if preventative measures are not in place.

What types of business insurance are offered?

Business Loan Protection Insurance

Business Loan Protection Insurance helps pay off or reduce your business loan if you or a key employee is injured, disabled, or passes away. Taking out a loan for your business is a big risk, and with as many moving parts as there tends to be in the operations of a business, reducing that risk as much as possible is a no-brainer.

Key Person Protection Insurance

Key person protection insurance is a life insurance or disability insurance policy that’s placed by a company onto an employee deemed integral to the success of the business. If an unforeseen event prevents the insured worker from coming into work, the Key Person insurance policy can cover some or all of the costs of recruitment, retraining, and lost revenue due to the disability of the insured.

Group Insurance

Whether you’re a small business owner or responsible for a large organization, one of the best ways to help attract and keep high-quality people is to offer a well-designed group benefits plan. Through
Royale British Columbia Financial Inc Wealth Management Financial Services Inc., we offer group life, health, and dental insurance solutions from Canada’s leading providers.

Disability Buy-Out Insurance

If a business partner becomes disabled and is unable to continue working, it can cause a major financial strain on the company. Formal disability buy-out agreements should be put in place, to govern the terms for the company to buy out the shares owned by the disabled. However, the funds required to buy out the disabled’s share of the company can be substantial, and often crippling. Disability buy-out insurance (often referred to as Disability Buy-Sell Insurance) can help ensure your business has the funds available to purchase the interests and/or shares of a partner who becomes permanently disabled and is unable to continue working.

Business Overhead Expense Insurance

Business Overhead Expense Insurance is an expense reimbursement policy that covers those fixed monthly business overhead expenses required to keep the business viable until the return of the owner, after a period of disability. This allows the business operations to continue until the insured either returns to work or makes a decision regarding the future of the business.

I think business insurance is right for me. What are my next steps?

Good choice.

Royale British Columbia Financial Inc Insurance is one of the most reputable and fastest growing insurance companies in North America. I am here personally to ensure your financial wealth and stability. Contact me and book an appointment, so we can go over your individual needs and find the right life insurance solution for you.

Let's talk! I am here to help with your Insurance and Investment needs.

Faraidoun "Frank" Akhavan

Faraidoun (Frank) Akhavan

Office 205 - 3994 Shelbourne Street
Victoria BC, V8N 3E2

Cell 250-953-2304

Office 250-953-2300

Fax 250-881-7497

Skype faraidoun9

Email Frank Simply fill in the form below and we will get back to you shortly.

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I first met Frank several years ago through an exercise client of mine, who would later become his wife. He then became a client, himself. A while later, I was advised that I had a UPS pension that was coming to term. I told Frank about it, and he suggested that I transfer it out, so that it didn't stagnate until I was eligible to draw upon it. That was over five years ago. Since then, the investment portfolio has averaged an eight-percent return every year. I receive a status report every six months, and am very happy with the return. Frank has done a great job looking out for my interests. He is very knowledgeable, and has answered my questions on multiple occasions. I highly recommend him and his company.

Regarding Lindsay Cooper, the reviewer who gave a one-star rating, I don't think their reaction/comments were fair or appropriate. Cold-calling is one form of generating business for some companies. If it didn't work, no one would be doing it. It's not like they have products on a shelf at Walmart. Believe it or not, some people actually appreciate it, because they may have been wanting to invest, but didn't know where to start. Additionally, financial planning must be a worthwhile endeavor, considering Frank's been in the industry for over two decades.

Also, it is up to the individual to confirm what their call display says, not just assume. It is not a scam to have a name that is similar to another company. You just have to actually read it.
- Marc Noel -