Owners, executives and key employees, due to their unique knowledge and skills, make extraordinary contributions to management, sales, manufacturing, distribution, service and customer loyalty.
The death or disability of an owner, executive or key employee can decrease revenues and increase costs, which is why loans for business expansion are often contingent upon these people being insured against the risks of death and disability.
Disability overhead expense coverage, and key-person life and disability insurance are necessary parts of risk management and take on even more importance when you are looking at expanding your business.
It’s also a good time to take a look at your employee benefit program to ensure you are offering competitive benefits to retain and recruit employees.
Key benefits to consider include:
The information contained on this website is not intended to be used as a basis for legal or tax advice. In specific cases, the parties involved must always seek out and rely upon the counsel of their own attorneys.