---
title: "Business Owners & Partners increased risks of needing to claim on a personal insurance policy - Sapience Financial"
description: "If you know how close those risk numbers are, maybe it's time to take a second look at your personal insurance cover for you, your family, and your business."
url: "https://finallysorted.com.au/partnership-risks"
date: "2026-06-13T11:27:31+00:00"
language: "en-GB"
---

#  Business Owners & Partners increased risks of needing to claim on a personal insurance policy

- 🤝 Small Business Risk & Partnership
- [ small business ](https://finallysorted.com.au/all-tags/small-business)
- [ the numbers of life ](https://finallysorted.com.au/all-tags/the-numbers-of-life)
- [ business partnerships ](https://finallysorted.com.au/all-tags/business-partnerships)
- [ the numbers of business ](https://finallysorted.com.au/all-tags/the-numbers-of-business)
- [ 🛡️ Specialist Risk & Insurance ](https://finallysorted.com.au/insights/specialist-risk-insurance)
- [ 🤝 Small Business Risk & Partnership ](https://finallysorted.com.au/insights/small-business-risk-partnership)

  ![business owner looking at wall of numbers and charts](https://finallysorted.com.au/images/blog/business-owners-and-partners-have-increased-risks-of-needing-to-claim-on-a-personal-insurance-policy-sapience-financial.jpg) The increased concentration of people in a business structure increases the risks they all face  Reading Time: 3 minutes

---

### We all have to face the statistical realities of life. But did you know there are statistical realities for business too?

### The problem for business owners and professional partnerships is the concentration of people increases the risks they face and this needs to be managed.

- There are some statistics in life that you simply need to know so you can make better choices.

Most people wouldn't dream of traveling overseas without Travel Insurance to protect their luggage and their health. Nobody wants to be stranded overseas with no luggage or worse, in a foreign hospital hoping the local doctors have the right skills and medication (and sanitation standards) that are not going to put you at greater risk.

### What's the chance of you needing to make an insurance claim on your personal policy?

- 1 in 3 chance of needing to claim because of a medical **Critical Illness**
- 1 in 4 chance of needing to claim on your **Income Protection**
- 1 in 10 chance of needing to claim on your **Life Insurance** before expected
- 1 in 20 chance of needing to claim for a **Total and Permanent Disablement**

Now you know how close those numbers are, maybe it's time to take a second look at your personal insurance cover for you, your family, and your business.

> The problem for business owners and professional partnerships is the concentration of people increases the risks they face and this is a difficult process to manage.

### What's the chance of a business needing to make an insurance claim because of a personal claim?

- A 2 partner business has a 35 in 100 chance of one of them **dying unexpectedly**, and a 52 in 100 chance of becoming **disabled**.
- A 3 partner business has a 47 in 100 chance of one of them **dying unexpectedly**, and a 67 in 100 chance of becoming **disabled**.
- A 4 partner business has a 57 in 100 chance of one of them **dying unexpectedly**, and a 77 in 100 chance of becoming **disabled**.
- A 5 partner business has a 66 in 100 chance of one of them **dying unexpectedly**, and a 84 in 100 chance of becoming **disabled**.
- A 6 partner business has a 77 in 100 chance of one of them **dying unexpectedly**, and a 89 in 100 chance of becoming **disabled**.

Make sure you prioritise the people in your life and business more than the 'stuff'.

![business owners and partners have increased risks of needing to claim on a personal insurance policy sapience financial](https://finallysorted.com.au/images/charts-svg/risks-of-business-partner-working-together-sapience-financial.svg)

**Do we sound like the type of people you'd like to do business with?**
 Call us today on 1300 137 403 or email us [here](https://finallysorted.com.au/index.php?Itemid=704) for a no-obligation private chat about your situation.

---

![author pic drew browne](https://finallysorted.com.au/images/author-pic/contact-drew-browne-advisor-sapience-financial.jpg)**Drew Browne** is a specialty Financial Risk Advisor working with Small Business Owners & their Families, Dual Income Professional Couples, and diverse families. He's an award-winning writer, speaker, financial adviser and business strategy mentor. His business Sapience Financial Group is committed to using business solutions for good in the community. In 2015 he was certified as a B Corp., and in 2017 was recognised in the inaugural Australian National Businesses of Tomorrow Awards. Today he advises Small Business Owners and their families, on how to protect themselves, from their businesses. He writes for successful Small Business Owners and Industry publications. You can read his Modern Small Business Leadership Blog [here](https://finallysorted.com.au/index.php?Itemid=1267). You can connect with him on [LinkedIn](https://www.linkedin.com/in/drewbrowne/).  Any information provided is general advice only and we have not considered your personal circumstances. Before making any decision on the basis of this advice you should consider if the advice is appropriate for you based on your particular circumstance.

![Written by Human Not made by AI sapience financial ](https://finallysorted.com.au/images/icons/not-made-by-AI-sapience-financial-black.png)

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