Helps your business offset the loss of revenue associated with the loss of a key person/people who is responsible for driving the revenue of the business.
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- Call 13 10 12
- Contact your NAB Business Banker
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A drop in revenue is often inevitable when a key person is no longer there. This could be someone in your organisation who generates significant revenue for your business. Losses may also result:
- while you're finding and training a suitable replacement,
- from demand that can't be met,
- from errors of judgement that can happen due to a less experienced replacement, or
- through the reduced morale of employees.
The problem
Loss of revenue and replacement costs - if there isn't a suitable replacement within the business it may take substantial time and financial inducement to find and train a successor; let alone restore any loss of revenue during a very stressful time.
The solution
Revenue protection can provide your business with enough money to compensate for the loss of revenue and associated replacement costs to replace a key employee or business owner should they die or become disabled.
To find out more, talk to your NAB Business Banker or call 13 10 12.
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