Why a Growing Business Needs to Look Into Key Person Insurance
Posted: November 30, 2017
Why a Growing Business Needs to Look Into Key Person InsuranceIn a small, thriving business, the death of a key employee could cause the business to collapse. It could be an owner, a founder, a key salesperson, or another important player in a growing concern. Life is full of uncertainties. Key person insurance helps protect your business should the unexpected happen. How Key Person Insurance Works Key person insurance is life insurance on a key...
The Growing Importance of Cyber Liability Insurance
Posted: October 10, 2017
The Growing Importance of Cyber Liability InsuranceIn the 21st Century, technology is vital to conducting business. However, the same technology your business relies on can also leave it vulnerable to costly security threats. Cybercrime is big business and becoming increasingly more sophisticated with advances in technology. No one is safe from cybercrime – neither individuals, nor small businesses, nor the largest corporations. Cyber liability insurance can help protect your business from...
Business Owners Package Insurance: What You Should Know
Posted: September 25, 2017
Business Owners Package Insurance: What You Should KnowMany small to medium sized businesses can get business owners package insurance (often called "BOP”), which simplifies the entire insurance coverage problem. A business owner package insurance policy is more affordable, as there are several forms of insurance in one "package.” All business owners have concerns about staying protected against financial losses, and for good reason. It is impossible to know what the future will...
The Importance of Key Person Insurance for Small to Midsize Businesses
Posted: August 24, 2017
The Importance of Key Person Insurance for Small to Midsize BusinessesKey person insurance is life insurance on a proprietor, partner, or a valued employee who is key to the successful operation of a business. Small and midsize businesses typically have one or a few key persons who are primarily responsible for generating revenue. Examples include the partners in a two-attorney law firm, the sole cosmetologist in a small beauty salon, or the owner-founder chef of...
How Small Businesses Can Avoid Insurance Mistakes
Posted: August 4, 2017
It takes hard work, dedication, creativity, and tenacity to get a small business up and running successfully, and it makes sense to have the right insurance coverage in place to protect it. In fact, purchasing business insurance may be one of the most important decisions you make. The right coverage can help prevent unforeseen events from ruining all you have worked so hard to build....