What is business owner insurance?
Whether you’re starting out or looking for ways to grow your business, business owner insurance can help you protect yourself, your partners and employees and your family.
In the early stages of your business, we can help you create a plan to keep your business running and your cash flow consistent. This way, you can remain on track even if you lose a key member of your team. Or if you suddenly need cash for a buy-sell agreement if a partner dies.
What happens when it’s time to tap into assets to help pay for your retirement, wrap up your business or pass it down? Our estate planning professionals can help you plan for a tax-efficient transfer. And in between, we can help you protect yourself, your family and your employees with life, health and disability insurance.
An advisor can take the time to understand your specific business situation and find the right coverage to safeguard your success.
Types of insurance:
Life and health insurance can go a long way in helping you protect your business.
Critical illness insurance
Term life insurance
- Disability insurance helps protect you from income loss if an illness or injury prevents you from working. It can also help protect your employees.
- It gives you regular, income-style payments so you can focus on recovery.
- You can buy it for yourself or as part of a group plan for your employees.
- Permanent life insurance helps provide for your family if you die. It covers you for the rest of your life.
- Some permanent life insurance policies can build cash value over time.
- Business owners often use permanent life insurance as part of a corporate investment or retirement strategy. It can be a tax-efficient way to help transfer assets out of the business.