The success of a business, whether it's a tiny enterprise run out of a basement or a large corporation, is largely dependent on hard work and ingenuity. However, no matter how industrious you are, one disaster can wipe out all your profits and even destroy your business. The key to making sure that all the effort and money you have invested in a business doesn't disappear when a disaster strikes is to protect it with the appropriate insurance.
Can your agent answer these questions, or will they even consider your need for any of these coverage's?
Can I insure the life of a key employee?
Do I need professional liability insurance?
What does kidnap and ransom insurance cover?
Do I need a bond?
What is a buy-sell agreement?
What is employment practices liability insurance (EPLI)?
Do I need a commercial auto insurance policy?
What about executive bonus plans?
What does a business owners policy cover?
How can I insure my home-based business?
Do I need business interruption?
Are there any disasters my property insurance won't cover?
How can I disaster-proof my business?
Do I need Life and Disability Insurance?
How do I find the right agent?
Most businesses need to purchase at least the following five
types of insurance:
Health and/or Supplemental Insurance
Business Vehicle Insurance
Workers Compensation Insurance
Life and disability insurance protects the business against the death or disability of key employees. For example, one partner carries a life insurance policy naming the partnership as a beneficiary. If that partner dies, and the business has planned properly, the proceeds of the policy can be used by the business to buy out the share of the decedent's partnership interest from the estate.
Wealth should never be about specific dollar amounts, magical products, or fleeting rates of return.
You can expect:
A commitment to individuality.
Your story is unique, and your strategies should be customized for your world, regardless of what the majority may be doing with their finances.
Life Insurance | Business Insurance | Insurance Agents and Brokers | Property Insurance | Health Insurance | Car Insurance
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