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Personal & Business Insurances

At Baggetta & Co we strongly believe in insurance, both personal and business.  The importance of insurance cannot be over-emphasised.  And nor can regular review of your insurance policies.

Baggetta & Co works closely with both Business Insurance Consultants and Life Insurance Specialists to ensure that our clients have the right amount of cover and that their insurances are structured to achieve the best result for their current circumstances and where possible, are tax effective.

Personal and Business Insurances include:

• Life Insurance – pays a lump sum upon death of the person insured. This is important, particularly if you have dependants, because it provides your family with funds to help maintain their lifestyle in the event of your death.

• Total & Permanent Disability Insurance (TPD) – provides a lump sum payment if you’re totally and permanently disabled. Depending on your policy, you are covered if you can’t work again in ‘any occupation’, or can’t work in your ‘own occupation’ (your usual occupation or chosen field of employment).

• Trauma/Critical Illness Insurance – also called critical illness insurance.  This insurance provides a lump sum benefit if you are diagnosed with a specified illness or injury. These types of products cover the major illnesses or injuries that will impact a person’s life and lifestyle, such as cancer or a stroke.

• Income Protection Insurance – also called salary continuance or disability insurance.  Income protection insurance replaces the income lost through your inability to work due to injury or sickness. This is a very important part of your overall financial planning strategy.

• Business Expense Insurance – your insurance requirements may vary considerably depending on the type of business you operate.  Some insurers offer insurance package policies specifically tailored to cover your business needs.  There are also individual products that may be relevant to the particular nature of your business.

There are three broad types of Business Insurance:

• Asset & Revenue Insurance – insurance to protect your assets and revenue generating capacity.

• People Insurance – insurance cover for you and your employees, includes workers compensation, personal accident and illness.

• Liability Insurance – or legal liability insurance, covers your business against personal injury or damaged property owned or controlled by someone else.  Types of liability insurance include public liability, product liability or professional indemnity.

To learn more about the various insurance policies that are available for your protection, or to review your current circumstances and policies, call us on 9317 7300.

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Establised 1989. Over 25 years. Advice you can rely on.

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For more information about the services we provide, or to find out if you are eligible for a free no-obligation consultation, call us now on 9317 7300.

The information provided on this website, including the material and contents provided in the website publications, are informative in nature only and you should not act specifically on the basis of this information alone. It should not be used as a substitute for legal, business, accounting, tax, financial planning or other professional advice. If expert assistance is required, professional advice should be obtained.

Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.

Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.

 

Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.