Four Keys to Insurance Planning for Small Business Owners
If you’re a small business owner, you know what comes with the freedom and creativity of being your own boss: Every day, your employees, your business partners, and your family rely on you.
What would happen if you became disabled and weren't able to work? Smart insurance planning means protection from financial disaster.
Get the right insurance plan for your business.
It’s important to work with a professional to assess your unique needs and budget. Your agent can help you put an insurance plan in place to help protect the future of the company you’ve worked so hard to create and to protect the people who are a part of it.
Consider how your business affects your personal financial well-being.
You should consider protecting your most essential asset—your ability to earn an income. If something happened to you and you were no longer able to work, how would you pay the bills and keep your business going? Disability income insurance can protect small business owners like you from financial hardship, and the right life insurance plan is essential if you have a family depending on your financial contributions.
An agent can help you consider the many facets of insurance planning and get the right plans in place for you.
Meet with your agent annually to evaluate insurance coverage.
Businesses grow and change—sometimes rapidly. Get in the habit of meeting with your agent each year to evaluate your insurance coverage and determine if you’re still making the best possible decisions for you, your business and your family.
Manage your business and personal risk.
Your insurance agent is well aware of the current risk environment in which today’s small business owners operate. Consult with your agent to explore ways to better manage your business and personal risk.
Consider protecting your business with a Business Expense policy.
Don’t leave your future to chance. As a small business owner, you’ve worked too hard not to be smart about insurance planning.