When the Success of Your Business Lies in Someone Else’s Hands: Broker Newsletter

If you work with business clients, you know that many have at least one “key employee.” These individuals provide a vital service, fill an important role, and/or help generate income for the business. In turn, if that employee were to become ill or disabled, it would be difficult for the owner(s) to fill the shoes or find a replacement.

Think of:

  • A manufacturing company that has a key foreman or machinist, whose loss would be detrimental to the company,
  • A key salesperson whose relationships with certain accounts are vital to the survival of the business,
  • A small sales team whose administrator provides all of the operational, client management, and back-end support,
  • A CFO, CIO, or other C-Suite executive of a larger corporation.

The loss or absence of any of these key employees due to a disability or illness, even in the short term, could result in a financial loss to the business!

In order to help protect the business, Key Person Disability Insurance exists to provide the financial resources to keep the business moving and find a replacement if necessary.

  • Key Person Insurance can provide the means to Recruit, Hire, and Train a replacement, and/or offset a portion of the financial loss.
  • The employer is the Applicant, Owner, Payor, and Beneficiary of the policy, provided that the employee agrees to be insured.
  • Premiums are not deductible to the company; however, the benefits are tax free.

At Insurance Specialties Inc., we are here to help you design and implement the most comprehensive and competitive plan based on the carrier strength, occupation, health, and goal of your client.

It is our advanced knowledge and understanding that drives us forward.  Let us share our expertise with you! 

800.358.8844

info@insurance-specialties.com

http://www.insurance-specialties.com

http://www.facebook.com/insurancespecialtiesinc

https://twitter.com/isi_psi

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Business Owners and Disability…Keeping the Business Running: Broker Newsletter

Do you have business clients that:

  • Own a business?
  •  Are partners with 1 to 5 others?
  • Are members of a small corporation with less than 10 principals?
Business overhead is there to protect the business in the event the owner, partner, or working shareholder becomes disabled.  As agents and brokers, it is our responsibility to make certain we provide our business clients with Business Overhead Expense Insurance.

BOE will pay the expenses of the business in the event of a disability and is a 100% tax deductible expense to the business!

Here are a few covered expenses:

  • Rent
  • Utilities
  • Employee Salaries
  • Telephone
  • Loan Payments
  • Professional Services (Legal/Accounting)
  • Professional Replacement
  • Advertising

For a few pennies on the dollar, your business client can protect all that he/she has built. In the event he/she is unable to return to work, the business can be sold as a going concern.

At Insurance Specialties Inc., we are here to help you design and implement the most comprehensive and competitive plan based on the carrier strength, occupation, health, and goal of your client.

It is our advanced knowledge and understanding that drives us forward.  Let us share our expertise with you! 

800.358.8844

info@insurance-specialties.com

http://www.insurance-specialties.com

http://www.facebook.com/insurancespecialtiesinc

https://twitter.com/isi_psi