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Three Ways Disability Insurance Can Protect Your Small Business

If you own a small business, you have a lot more to lose than the average American worker. Here are three ways that disability insurance can protect your company, your family and your retirement savings:

  1. BUY-SELL AGREEMENTSDISA_68percent
    Buy-Sell Agreements funded with dis­ability insurance allow remaining business owners to buy the company interests of a permanently disabled owner at a previously agreed-upon price. These agreements can also be funded with life insurance to guard against the death of a business owner.
  1. BUSINESS OVERHEAD INSURANCE
    Business Overhead Insurance reimburses a business for overhead expens­es in the event a business owner becomes disabled. These policies typically pay benefits for one to two years, and help cover expens­es like salaries, taxes, employee benefits, rent or mortgage, utilities, equipment, malpractice premiums, etc.
  1. KEY PERSON DISABILITY INSURANCE
    Key Person Disability Insurance can provide business owners with the finan­cial flexibility to either hire a replacement or work out an alternative arrangement when a key employee is unable to work due to a dis­abling illness or injury.

Find out what saved father and business owner, Tim Meredith, when he was struck with ananeurism. http://lifehap.pn/JIErR1

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