Mining businesses can insure equipment, vehicles, sites and physical assets.

But replacing a critical person can be considerably more complicated.

What happens if a director, founder, major shareholder or key executive suddenly dies or becomes seriously ill?

The business may still have finance commitments, equipment leases, creditors, employees and projects to deliver.

A key person may hold critical relationships, technical knowledge, management responsibility or revenue capability that cannot simply be replaced overnight.

Then there is ownership.

If a shareholder dies, does their family inherit their shares?

Do the remaining shareholders want to purchase them?

How will the business be valued?

And most importantly:

Where does the money come from to fund the transaction?

Business lending can create another layer of exposure where directors have provided personal guarantees or personal assets as security.

Without appropriate planning, one event affecting one person can quickly become a problem involving cash flow, debt, ownership, succession and the financial security of multiple families.

And the people risk doesn't stop with the owners.

Mining businesses also compete for skilled employees.

If your people can earn similar money elsewhere, the question becomes:

Why should they stay with you?

Twenty20 Risk Navigators can work with your business, its directors and professional advisers to identify where these financial exposures exist and develop strategies around them.

Director & Shareholder Protection

Life Insurance • TPD • Trauma / Critical Illness • Income Protection

Directors and shareholders can have significant personal financial commitments sitting alongside their business interests.

We help develop personal protection strategies around their income, families, debts and business exposures — including consideration of what happens if they can no longer actively participate in the business.

Key Person & Business Protection

Key Person Insurance • Business Debt Protection • Revenue Protection Considerations

If the business depends heavily on particular directors, executives or other key people, insurance can potentially provide capital to help manage the financial impact of losing them through death, serious illness or permanent disability.

The objective isn't simply to insure a person.

It's to understand the financial hole their absence could leave behind.

Shareholder & Succession Funding

Buy/Sell Insurance • Shareholder Protection • Succession Planning

Where there are multiple owners, we can work alongside your legal and accounting advisers to help develop insurance funding to support appropriate shareholder and succession arrangements.

This can help create funding for an ownership transition rather than leaving the surviving shareholders and the departing shareholder's family trying to solve the problem after the event.

Business & Asset Finance

Vehicles • Plant & Equipment • Commercial Assets • Business Finance

Through our finance services, we can also assist businesses and directors with finance for vehicles, plant, equipment and other commercial requirements.

This gives us the ability to look beyond simply protecting the liability and also assist with how appropriate business assets are funded.

Protect the people. Structure the risk. Finance the assets.

Protecting Your Business Also Means Retaining Your People

For mining and resources businesses, attracting good people is only half the challenge.

Keeping them is just as important.

Salary will always matter. But an employee benefits program can provide additional value to employees without simply competing through another increase in wages.

Twenty20 Risk Navigators can help businesses develop an employee benefits offering built around practical benefits employees and their families can actually use.

Group Life & Disability Insurance

Providing employees with access to company-sponsored insurance benefits can create an additional layer of financial protection for employees and their families.

Depending on the size and structure of the workforce, group arrangements may also provide access to levels of automatic insurance cover without individual medical underwriting, subject to the terms and eligibility requirements of the insurer.

It provides a simple message to your people:

Working here provides benefits that help protect you and your family.

Fully Maintained Novated Leasing

Give employees access to fully maintained novated leasing arrangements, allowing eligible employees to package a vehicle through their employment.

For employees working in mining and resources — particularly those with significant vehicle requirements — this can be a highly tangible benefit they can see and use every day.

Our service can assist employees through the process from vehicle sourcing and finance through to establishing the leasing arrangement.

Financial Education & Support

Higher income doesn't automatically create better financial outcomes.

Employees may still be trying to navigate mortgages, debt, superannuation, insurance, investing, budgeting and major financial decisions.

Providing access to financial education and professional support can help employees make more informed decisions about the money they're working hard to earn.

This can include education and access to appropriate professional support across areas such as:

Financial Wellbeing • Superannuation • Insurance • Wealth Creation • Lending & Finance • Estate Planning

Through our Professional Partner Network, employees can also be connected with appropriate specialists where their needs extend beyond our own services.

An employee benefits program only creates value if employees understand it and actually use it.

That's why we believe the solution should be practical.

Protect their family.
Provide meaningful insurance benefits.

Help them get ahead.
Give them access to financial education and professional support.

Help with everyday financial decisions.
Provide access to vehicle and finance solutions.

At the same time, we can work with the directors and shareholders to protect the people, capital and ownership structure behind the company itself.

The result is a more complete risk strategy:

Protect the Directors.

Protect the Shareholders.

Protect the Key People.

Protect the Business.

Support the Employees.

Help Retain the Workforce.

You focus on operating and growing the business.

We'll help you protect the people and financial structures behind it.

[Talk to Us About Business Protection & Employee Benefits]

Twenty20 Risk Navigators
Navigate the risk. Protect what you're building.