If you’re looking to limit the risks for your business, foster growth by maintaining a stable team or prepare for succession, we can offer you insurance solutions adapted to your company’s needs and development stage.

It’s also important to take a close look at your personal and family coverage in order to ensure complete peace of mind. Whether you're concerned about disability, critical illness or death, opting for a solution that meets your specific needs will prevent unexpected circumstances from undermining your dreams.

Loan insurance

Getting financing is one of the most important steps in growing your business. But have you considered limiting the risks that could jeopardize your company’s existence? You need to protect your business by making sure you can still meet your obligations in case any of the people who are essential to your business operations become disabled, are faced with a critical illness or die. (Details)

Individual insurance and shareholders’ agreement

Risk management is an important aspect of financial planning. Death, disability and critical illnesses are among the risks you'll need to consider. Regardless of the situation, by reviewing your needs and setting up the right personal and shareholders’ agreement coverage, you – as well as your partners and your family -- will be ready to deal with any development. (Details)

Employer/employee group insurance

Your human resources are a key component in the success of your business. Employer/employee group insurance is an essential tool to help you attract, motivate and retain employees.  (Details)

Business transfer financing

You've devoted considerable time and energy to building your business. Now that you're ready to hand over the reins to a new generation, it’s natural that you want to ensure your financial security. Did you know it’s possible to finance the sale of your company? (Details)

Loan insurance
Keep your company moving forward!

The death or disability of an owner, shareholder, officer or strategic employee is one of the main reasons your company’s very existence could be jeopardized.

By opting for National Bank loan insurance for your commercial loans, you’ll enjoy the following advantages:

• Triple protection: you and/or any employees who are essential to your company’s success are covered in the event of death, accidental dismemberment or disability
• Competitive premiums
• Discount on the insurable amount as well as a rebate if more than one person takes out insurance

For more information, please contact your Manager – Commercial Banking or call 1-877-871-7500 or 514-871-7500.

Employer/employee group insurance
Benefit by talking to us about your employee benefits!

Since a good employee benefits program helps you retain employees and ensure their satisfaction, it’s an important asset for your company. However, every employee benefits program – no matter how good – needs to be managed on an ongoing basis and re-evaluated frequently.

• Are you looking for solutions to reduce your healthcare costs?
• Would you like to determine where your costs are concentrated and how they compare to the rest of the market?
• Do you want to identify which benefits are used most?
• Have you evaluated how your employees’ demographic profile will affect your plan and its costs?
• Do you know the tax impact of the benefits you offer?

Some facts to consider:

• Employer/employee group insurance costs represent an average of 8% to 10% of the payroll expenses of a small or medium sized business.
• Healthcare expenses are rising by 15% per year.
• The average age of employees is between 40 and 45 in most companies.

Adopting a proactive approach and monitoring your plan closely are therefore crucial. As an employer, it’s in your interest to rely on the expertise of an advisor who can do a comprehensive analysis of your file in order to anticipate those costs and keep them under control.

For more information, please contact your Manager – Commercial Banking or call 1-877-871-7500 or 514-871-7500.

Individual insurance and shareholders’ agreement
You want to stay on track!

If any of your company's partners become disabled or die, the remaining partners will have to continue the business operations. They therefore need to be able to buy back the deceased partner’s share. Where will the funds come from? What happens to the partner or key employee who remains disabled for an extended period? What will be the impact on the partners during that period?

It’s easy to ensure protection in those situations by preparing a shareholders’ agreement. But the agreement needs to be backed by sufficient insurance and re-evaluated periodically because the company and its needs are constantly evolving. Using insurance to finance a shareholders’ agreement gives you access to the necessary funds when you need them.

A similar situation can occur within your family. There are many situations of a financial nature where life insurance products are important. For example, maintaining financial protection for a surviving spouse and dependents and providing access to cash at the time of death are among the major concerns.

• Will your heirs have enough money to cover their needs?
• How long will they be covered?
• Will your heirs have access to cash?
• Will they be able to liquidate assets when necessary?

For more information, please contact your Manager – Commercial Banking or call 1-877-871-7500 or 514-871-7500.

Business transfer financing

The key to the success of any business transfer lies in careful preparation, especially when it comes to financing. Because of a variety of factors, the start of a new stage in life can lead to problems. As the owner of a business that you’re ready to sell to the next generation, you may need to grant the buyer a balance of sale. With the right business transfer financing in place, you’ll have the peace of mind you want.

For more information, please contact your Manager – Commercial Banking or call 1-877-871-7500 or 514-871-7500.