While many businesses focus on insuring risks such as loss of property, liability exposures, commercial vehicles, and injuries to employees, most businesses overlook the importance of insuring against the risk of the death of the business owner, or owners, the death of key employees, or the death of persons that may be funding business operations. Business Life Insurance can be designed to provide financial stability to the business by funding buy-sell agreements between business partners or owners, providing resources to the business in the event of the death of a key employee, or allowing family members of a business owner to quickly realize the financial value of the business if the owner dies.
With many options available for Business Life Insurance, plans are easily tailored to the specific needs of the business.