Business/ Employer Coverages
Not every employer provides employee benefits such as health insurance, life insurance, disability insurance or long term care. Our firms helps you take matters into your own hands to help keep yourself healthy, your assets covered and your family taken care of.
Below see some of the lines of coverage we write for businesses.
Group Health Insurance
Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a key component of many employee benefits packages that employers provide for employees
Group Disability Insurance
Becoming disabled, even for a little while, is one of those things that most people don’t think will ever happen to them. And disability insurance is one of the things they’re most grateful to have if it does. As an employer, you have the unique opportunity to provide a benefit that gives your employees peace of mind that their paycheck is protected when they may need it most.
Group Life Insurance
Life insurance offered by an employer to its workers or members. Group life insurance is typically offered as a piece of a larger employer or membership benefit package.
Business Overhead Insurance
A Business Overhead Expense disability insurance policy reimburses business owners for existing overhead expenses incurred while they are disabled, keeping the company up and running while the owner recovers.Regular expenses that could be covered under a BOE policy include employee salaries, rent, leases and utilities to name a few. And BOE premiums are generally tax deductable as a business expense.
Key-Person Life Insurance
Replacing a key person takes time and money − and could cost the business valuable clients during the transition. Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key person. This helps assure continuity of the business for employees, customers and creditors. Taking out a key person policy on your top employees also affirms their value to your business, strengthening the relationship.
Buy- Sell Agreement
A buy-sell, or buyout agreement, protects business owners when a co-owner wants to leave the company (and protects the owner who's leaving).If a co-owner wants out of the business, wants to retire, wants to sell his shares to someone else, goes through a divorce, or passes away, a buyout agreement acts as a sort of "premarital agreement" to protect everyone's interests, setting the price and terms for a buyout. Every day that value is added to a business without a plan for future transition, it increases the owners' financial risk.