Scotia Business Loan Protection
Protect the business you built
- A sole proprietor or partner;
- A guarantor
- Shareholders owning at least 10% voting shares of the business
- A key employee whose contributions are essential to an eligible business entity and without whom the eligible business entity would have difficulty operating.
This vital protection is available to critical members of your business operations, including:
Scotia Business Loan Protection is simple but effective insurance. If you or another key employee loses the ability to work, Scotia Business Loan Protection can make regular payments or completely pay off your Scotiabank line of credit, loan or credit card. If you or another key employee passes away, your outstanding loan amounts can be paid in full.
With Basic Protection, your business can receive a life insurance benefit of up to $2,000,000 if an insured person passes away.
Life insurance benefit of up to $2,000,000 if an insured person passes away;
Certificate of Insurance (Sample)
Distribution Guide (For Quebec residents only)
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Subject to conditions, please contact us for details.