EMPOWERING YOUR BUSINESS JOURNEY
welcome, business owners
You're not just running a business; you're fuelling a dream
At Fairway Financial, we understand the sweat, passion, and resilience it takes. Let’s address your financial challenges together.
You own a well-established small business, and while family members may hold a number of key positions, you’re of a size that requires more than just family on your payroll.
We are known for helping Business Owners, paying more than $10,000 a year in Insurance premiums, to get value-for-money in Reviewing their existing Insurance programme.
Are you someone who:
Is an Owner in a small to medium size business (not a one-man-band)
Is paying over $10,000 a year for you, your spouse, your SMSF Insurance premiums
Keeps paying Insurance but hasn’t reviewed for more than 3-5 years
Has a family who depend on you
Have debts and financial commitments which depend on you
Are paying Premiums to have peace-of-mind, but you aren’t sure you’ve got it
we’re dedicated to helping you
Our commitment is to your business’s growth and your financial peace of mind, with solutions for you
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ASSET PROTECTION
Safeguarding your hard-earned business and personal assets.
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RISK MANAGEMENT STRATEGIES
Custom solutions to mitigate
financial risks.
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SUCCESSION PLANNING
Ensuring a seamless transition and preserving your legacy.
Ready to take your business next level?
Let’s talk about securing and enhancing your financial future.
case study
Streamlining Insurance for Business Growth: Chris & Tony’s Story
The Challenge: Keeping Track in a Growing Family Enterprise
Chris and Tony, brothers in their late 40’s, own and run the family business that their father started and since retired from. They bought him out. The business has grown and branched out into other product lines since the brothers took over.
Family-first values are still evident, but ‘money is money’ and everything is done and structured correctly and they pay their Accountant well to keep them on-track.
Between themselves personally, their wives, their SMSF and business Key Person needs, they had accumulated many Insurance policies, over many years. Each of them was relevant at the time, but now hard to keep track of, and they’re not sure of the purpose anymore, and the policies have not been compared/reviewed for many years.
The Solution: Comprehensive Review and Strategic Overhaul
We helped review and found they were over-insured in some areas and paying for costly ‘older’ policies. We were able to increase cover in their needed areas, and do so with a more effective and claim-friendly policy design, upgrade policy definitions to reflect current Medical Definitions and include features to allow multiple claims, rather than one-only – and at no extra cost!
Reconfigure Income Protection to suit the business being able to support each Partners income for a longer period of time, which allowed an Increase in cover – at no extra cost.
Put Plans in place to facilitate the smooth Exit of a partner if one of the brothers died or became disabled. With this done, their spouses can receive appropriate payouts and don’t have to make tough business decisions, at a tough emotional time. We worked collaboratively with their existing Accountant to ensure we were all on the same-page.
The Outcome: Optimised Coverage and Simplified Management
As a result of our Advice, the brothers kept some existing Policies that were appropriate to retain, but upgraded to newer more claim-featured Policies in areas that mattered and most importantly to them, we provided a simple single-source document of what their Policies are, where they pay for them from and why they have them (their purpose).
Client Reflection
“We really value having the simple summary you provided. If you can keep this up-to-date for us each year, we’re not going anywhere now it’s all sorted” - Chris
