Helps ensure business owners can protect their business if a disability prevents them from working
Small-to-Medium size Business in a fee-for-service industry
Owners are:
Between Ages 35-55
Critical to the continued earning of business income
Occupation with little to no manual duties, such as corporate executives, accountants/CPAs, attorneys, business owners, dentists, and medical professionals
Premiums are deductible as a necessary business expense
If you become disabled, this insurance reimburses covered fixed business expenses during this time
Up to $50k/month of coverage
Covers…. Employee Salaries & Benefits, Property-based expenses for business operations, Utilities & Phone Bills, Accounting fees, Professional & Trade Association dues/subscriptions, Office supplies, Real Estate Taxes
Provides the funds needed to purchase a totally disabled business owner’s interest under a Buy/Sell Agreement
Businesses valued under $10 million
Owners are:
Between ages 30-50
Occupation with little to no manual duties, such as corporate executives, accountants/CPAs, attorneys, business owners, dentists, and medical professionals
Helps protect a business from the total disability of an employee who’s critical to its success. Helps minimize the disruption to a business from losing a valued employee. Benefits used to help offset hiring costs, staffing needs and replacing revenue
Key Employee is defined as:
Critical to the livelihood of a small-to-medium size business
