Business Continuation Insurance Plans Overview
Solutions for the smart business. What would happen to your business should disaster strikes and you or one of your partners died or became disabled? Business continuation insurance plans keep you in control..
Key Person Insurance
Protects your business against loss of a crucial employee to death or disability. By receiving tax-free insurance benefits, your company is protected from the financial impact of the loss. Key Person insurance also helps cover your expenses in finding a replacement.
Assures a smooth transition of management and control of your business if one of the owners dies or becomes disabled. Funded with insurance, a buy/sell agreement provides benefits for the deceased or disabled owner’s family and for the remaining partners in the business by keeping control within the organization.
Provides you with needed funds to pay the immediate fixed costs (rent, salaries, etc.) of keeping your business open until a disabled owner returns to work.
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