As a business owner it’s time to make plans for a new year of success! One common planning technique is listing out your Strengths, Weaknesses, Opportunities, and Threats - also known as the SWOT test.
Unfortunately, one of the biggest fundamental threats to any business sometimes doesn’t make the list, “What happens if you or key employee dies or becomes disabled?” In most small businesses, you are responsible for two families: the one you have at home, and the one you have through work.
If you or a key employee dies or becomes disabled, insurance can help protect your family and your business. But, no matter what size or type of business you manage, a well-conceived insurance and benefits program is essential to your business value and survival.
American Insurance Life Agents can help you answer these questions with these resources and their professional knowledge.
SOURCE: Insurance 101 for Business from Life Happens, a nonprofit education organization.
The content of FAQ articles are general in nature and are not intended as a substitute for professional legal, financial, or insurance counsel for individuals. Insurance coverage forms vary by issuing company and by state. For specific advice contact us.
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