Business Continuity

Two posts ago I wrote about Key Person insurance and how it can protect the business (and business owner’s family) by having the company buy life insurance on the Key Person. Upon the death of the Key Person (usually the owner, but really defined as the primary “decision maker” of…

Last week I wrote about Key Person insurance and how it can protect the business via insuring the sole proprietor or “Key People” (decision makers). With so many businesses being started in 2021 (or restarted), utilizing such a strategy can and should be a part of any business continuity plan.…

One of the topics I like to bring up to business owners is business succession. You’ve worked long and hard building your brand (sometimes decades), gaining customers and expanding your business. You think in terms of five or ten-year plans, on where you’d like your business to be while navigating…