Business Solutions, Inc. can help with your Virginia Small Business Insurance plans

Key-man Insurance for Small Businesses

Many small businesses depend on specific individuals for their company's continuing success. Key Man insurance enables you to protect your business against the cost of loss or disability of key members of your business and management team by purchasing Life insurance and/or Disability insurance.

You should consider Key Man insurance if the success of your company and ongoing operations depend on the abilities of one or a few individuals. Following are a few of the primary benefits of key man insurance.

• Cash payments to the ownership or surviving partners enabling the business to keep operating until new talent is located
• Securing repayment of a critical loan by naming certain creditors and/or investors as a beneficiary
• Cover lost sales revenue while the key person recovers from illness or accident; or in the case of death, until a new employee can be hired and trained
• Key Man insurance can often insure a critical job or project until completed by providing financial payment

Business Solutions is the perfect solution for your key man insurance needs. They provide up-front consultation and help in deciding which plan best fits your needs AND they give you long term help in managing the plan.

Call (540-444-4000)  or contact (customerservice@businesssolutionsinc.net) Business Solutions today.