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Term Life Insurance
They say that whatever can go wrong, will go wrong. Someone gets injured at your workplace. Someone thinks you've said something libelous about them. Someone claims that your advertisement infringes on their copyright. Owning a business is like running through a minefield of potential lawsuits. Some larger businesses can easily absorb these costs, but what about smaller businesses?
You've almost certainly heard of the term "liability" so there's no need to spend too much time explaining it, but as a quick refresher liability is financial debt incurred by a company as a result of its business operations. When you think of liability you may think of a negligent business that willfully ignores the law and creates unsafe conditions for its workers or something of a similar nature.
We recently talked in great detail about why your business needs general liability insurance and how the tremendous benefits of this type of policy can help to minimize risk for your company.
When shopping for general liability insurance, it's well worth it to do your research before selecting a policy. After all, general liability insurance will be serving as your company's safety net in the event that legal hassles arise or the unexpected occurs.
In a recent blog post, we talked in great detail about what a buy-sell agreement is and how it can be funded with life insurance.
Since clients tend to have a number of questions regarding buy-sell agreements, we thought the topic would merit another post on our blog, this time focusing on how a buy-sell agreement is beneficial to a business owner.
If you own a business, you absolutely can't afford to not have general liability insurance.
For a quick refresher, general liability insurance covers your business from third-party lawsuits that occur due to bodily injuries or property damage. The referenced "third-party" could be anyone other than one of your employees (customer, business partner, etc).
A great example of when general liability insurance could come in handy would be if a customer slipped on a freshly mopped floor in your store and sustained a bodily injury. If that customer chooses to pursue a lawsuit against your business, you'll want general liability insurance in place to cover the litigation and medical costs. Otherwise, such a lawsuit could put you out of business.
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We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
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