Brokers: If you have clients who are small business owners, you know that the owner is the heart of the business. In many cases, the business would have trouble continuing if the owner was unable to work. Likewise, the owner would have trouble paying his personal bills if his business could not continue.Read More
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Small business owners enjoy being their own bosses, setting their own schedules, and achieving their own goals. As much freedom as small business ownership offers, it also comes with responsibility and risk. Without careful planning, a disabling injury or illness of the owner(s) or key person may mean the end to a business. Business Overhead Expense disability insurance minimized that risk for each of the business owners in the three stories below.Read More
Jenny is a 45-year old career veterinarian with her own practice. Her compassion for animals and their owners made her business so popular, her clinic simply couldn’t handle the load any longer. She had hired more staff and was running out of space, so finally decided to build a new, larger clinic. She knew the business loan would be an expensive and long-term commitment, but customer demand was expanding her business beyond her capabilities, so she was confident about the income being there to make the loan payments.
Like most entrepreneurs, your clients aren’t just running a business – they’re fulfilling a lifetime goal. But what would happen to those dreams if they became disabled? Would their business be able to continue without them? Who would pay their employees’ salaries? Take care of the monthly bills? These costs don’t just go away when a business owner suffers a sudden and drastic loss of income due to a disability.
According to Ben Franklin, nothing in this world is certain but death and taxes. But if a small business owner suffers a disability from an injury or illness, there are a few other certainties he or she can count on: