The Most Important Business Asset May Be At Risk!

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Business owners regularly protect against the loss of their company’s buildings, equipment, and inventory. They even insure against intangible risks like liability.

But what about their most valuable asset: the key employers who keep the company running profitably, who monitor and keep pace with the industry, and who service and grow the customer base?

Protecting against the financial hardship of losing an executive due to death or disability can be accomplished very simply by insuring the employee. 

Key person planning involves:
  • Obtaining business-owned life and disability coverage on those in important positions. The insurance provides tax-free benefits to help through the transition time to recruit and train new executives.
  • Key person planning can also involve placement of personal coverage to ensure a key person’s family is protected against the loss.
  • The process also opens the discussion to other business planning needs requiring insurance coverage, such as business transition planning, or selective fringe benefits to keep important employees with the company.

We will enable you to be at the center of your business clients’ total risk management program by working with you, your client, and their advisors to design, implement, and administer the insurance solutions needed. Plus, you’ll get paid for writing the coverage that funds these programs.

Call today with questions or for assistance with any client or prospect who needs to protect against the loss of valuable personnel: Tom Virkler, JD, at 706-614-3796 or tom@cpsadvancedmarkets.com.