When a business is new, it’s easy to get caught in the day-to-day processes and plans and not think about the longer-range future.
What happens when you want to retire? What happens if your partner wants out of the business, or if you do? What happens if a key employee becomes disabled or leaves the business suddenly?
Insurance products can provide a solid foundation for the business, if something unexpected occurs. Business continuation insurance offers protection against the loss of a key employee and can provide funding for a buy/sell arrangement between partners.
Health insurance and savings plans for businesses can provide benefits to the employer while offering a tangible and sought-after benefit to potential employees and increase retention of valued employees.
Call Howard Silvermintz to learn more about business insurance products and how they can provide a foundation for your business.