2400 North Commerce Parkway
As a business owner, being prepared for anything is part of who you are. If one thing is certain today, it’s that you can’t be certain about what will happen tomorrow. But there’s good news: this is something you can plan for. With proper planning, you can be certain that you’ve taken action to help protect yourself and your business from the unexpected. Consider a few of the following options to help you protect your business:
Having the foresight to protect your business against the loss of an owner or an essential employee—perhaps the company's most valuable asset—can mean the difference between business as usual or closing up shop. Just as you would insure your business property, you should also consider insuring the people who have the biggest impact on your company’s success. We can help with business planning strategies that are designed to protect your business from the unexpected and help ensure the business you’ve worked so hard to build withstands the test of time.
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. Succession planning affects everyone who has an interest in the business—business partners, family members, and key employees. It is critical that you have meaningful discussions about often overlooked issues, such as who the ideal successor should be, what is the value of the business, and what is the timetable for transition. No matter what event occurs, either expected or unexpected, we can help you develop a succession plan that can help ensure a smooth transition according to your vision for the business’ future.
Think about what would happen to your business if you, your business partner, or a key employee were to unexpectedly become too sick or injured to work. There’s no doubt that this would have a tremendous impact on your business and its continued success. Having disability income insurance and long term care insurance is vital part of smart business planning and can help protect your business and family if the need should arise.