Business Continuation Insurance


Planning for a smooth continuation of your business after unexpected events to key personnel is simple and may ensure prosperity.Business Continuation Insurance protects your business against the potential economic loss resulting from the passing or disability of key executives and/or employees.It is also designed to ensure that a fair value is paid for the interests of a business owner.An adequate solution is one that:Offsets the losses generated by the absence of a key contributor Secures the business continuation Does not impose a financial burden on the business Establishes control of the business to the surviving active owner Provides a fair and adequate amount for the interests of the deceased's family Prevents legal battlesWhat types of insurance are available?Key Personnel Disability InsuranceProtects your firm against potential losses due to the lack of contribution of a partner or key employee as a result of a disability Key Person Life InsuranceProvides funds allowing surviving owners of your business to offset the losses incurred by the passing of a partner or key employee Business Overhead InsuranceProvides a means of settling overhead expenses while an owner is temporarily disabled Cross Purchase AgreementProvides a fair settlement for the heirs of an owner Business cards are frequently used during sales calls to provide potential customers with a means to contact the business or representative of the business.
Quelle "Business Continuation Insurance" : General

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