No matter where we are in our careers, thoughts often turn to retirement. From the young person just starting out in the employment journey to the seasoned veteran who is counting the days until finally being able to retire in peace, the concept of retirement is filled with challenges, misconceptions, and even some surprises. Retirement … Continue reading 5 Things You Must Know About Retirement
Businesses all over the world rely on loans to establish new ventures, inject capital into growing operations, or to fund many other aspects of the overall business. Business debt is part of the cost of doing business, and creditors may require that closely-held corporations personally guarantee repayment of this debt. Small businesses, especially with sole proprietors … Continue reading Is Business Loan Insurance Required?
Companies around the world insure their assets with business insurance. This is designed to protect from financial losses arising from property and equipment damage or destruction, such as in the case of certain natural disasters. Protecting key employees, however, is a commonly-overlooked area for many firms. Most people know that successful businesses are made up … Continue reading Key Employee Indemnification Insurance Policies, Explained
In our first article about business expense protection, we discussed the odds of a business owner becoming disabled at some point in his or her career. We also talked about typical business overhead expenses and the potential funding sources that can be used to pay for these expenses while the owner is disabled. We also … Continue reading How to Safeguard Your Business with Overhead Expense Protection
The decision to liquidate a family-owned business is not one to be taken lightly. The death of a business owner, or a situation where the owner becomes disabled and is no longer able to manage business operations, can cause family members to feel pressure to divest themselves of business assets. This can have long-ranging negative … Continue reading Business Liquidation Insurance: How to Prepare for the Worst
There are many factors that influence the success or failure of a business. The costs of doing business, including manufacturing, distribution, and marketing of products or services are some of these financial factors. Overhead costs, such as rents, employee salaries, and utilities can also eat into the profitability of a given company. If the company’s … Continue reading Business Overhead Protection: What You Need to Know
Family-owned businesses are unique in the world of commerce. These businesses may have started simple, then grown over the years to become local, regional, or even national powerhouses. Family businesses may be passed down from generation to generation. When a business owner dies or becomes disabled and is no longer able to handle business operations, … Continue reading How Family-Owned Businesses Should Handle Liquidation