Business Expenses Insurance
Business Expenses Insurance provides money to meet the businesses fixed expenses, in the event that you, one of your business partners or major contributors to the business revenue is unable to work. When a business owner is not able to actively work in the business, it will likely have a direct impact on income levels, so in order to ensure the fixed costs of the business can still be paid, Business Expenses Insurance is an ideal solution.
Buy/Sell Insurance provides a funding mechanism for the continuing owners of a business to purchase the share of an exiting business owner due to death or disability. This type of insurance is used in conjunction with a buy/sell agreement.
Key Person Insurance
Key Person Insurance provides a lump sum payment to a business in the event of the death or disablement of an employee whose knowledge, work or overall contribution is considered uniquely valuable to the company. When a key person dies or is disabled, it can create immediate and long term financial problems for the business. A drop in revenue is often inevitable when a key person is no longer there, however losses can also result while the business is searching for and training a suitable replacement. When there is not a suitable replacement readily available, it can sometimes take a significant amount of time and money, to find and train a successor. Key Person Insurance helps insure against this risk.
If you want the peace of mind that comes with knowing that whatever happens in the future you, your family and your business are financially secure, we can help. Request an obligation-free appointment today.