Business Owners
Personal Protection
You have people that depend on you financially, college tuition to cover and mortgage payments to make. So if you rely on your income, then you should know that disability income insurance can help you protect your income should you become too sick or hurt to work.
Business Succession
The death or disability of an owner is one of the greatest threats to a business. Not only can it severely impact the day-to-day operation of the business, but it can raise all sorts of business succession and estate tax problems – proper succession planning can help.
Group Benefits
The importance of having benefit plans in place to encourage top talent to join the firm, stay loyal and keep the business ahead of the competition can never be overstated. This includes:
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Offering employer-sponsored retirement plans.
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Providing selective benefit packages to top performers.
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Reviewing the ways to help manage the cost of employee benefit plans.
Risk Management
There are steps you can take as a business owner to help mitigate some of the risks that can threaten the viability of your business, such as:
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Creating a cash reserve.
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Protecting the business from the loss of a key employee.
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Protecting the business’ cash flow.