Small Business Insurance Services
Employee Benefits
Retaining employees is more important than ever. Offer them great reasons to stay like comprehensive group Health, Life, Disability Income, Long-term Care insurance and Medicare benefits.
Key Person Insurance
What would happen if the person responsible for bringing in your main source of revenue had an accident or passed away? How much would that cost your business?
Disability Income Insurance
Ensure you don’t lose critical income during an extended illness or injury. Protect yourself, your family, your business, and your employees.
Business Owners Insurance
Insurance especially for business owners. Protect what you’ve built and leave a legacy.
Health Insurance
Want to keep more money in your bank account? Get good health insurance! Healthcare costs at the #1 reason people file for bankruptcy. Protect yourself and your employees with affordable health insurance that may be tax-deductible.
Critical Illness Insurance
Don’t put yourself in a position where you have to choose between receiving life-saving medical treatments or paying your mortgage.
Don’t be a Daredevil!
Small Business Insurance Options
As a small business owner, it’s important to protect yourself, your business, and your employees from unforeseen risks that could lead to financial ruin. One way to do this is by investing in insurance coverage that provides adequate protection. Here are 8 types of life and health insurance that small business owners should consider, in addition to your property & liability insurance. Please consult a tax professional regarding possible tax benefits.
Type of Insurance | Importance | Benefits | Disadvantages | Possible Tax Benefits |
| Life Insurance | Financial protection for your family and business in case of your unexpected death | Helps pay off outstanding debts, such as mortgages and business loans, and maintain business continuity | Premiums can be expensive if you’re a smoker or not healthy | Premiums are not tax-deductible |
| Disability Income Insurance | Provides income replacement in case of an unexpected disability | Helps cover daily living expenses and maintain a source of income while you recover | Premiums can be expensive if you’re a smoker or not healthy | Premiums may be tax-deductible as a business expense |
| Health Insurance | Protects your finances in case of unexpected medical expenses and improves access to medical care | Puts a cap on amount of out-of-pocket expenses you may have and helps you stay healthy with wellness benefits | Plan options may be limited in your area, depending on where you live | Premiums paid for health insurance may be tax-deductible as a business expense |
| Critical Illness Insurance | Provides a financial safety net in case of unexpected medical expenses | Covers lost income and caregiver expenses and helps maintain your financial security | Premiums can be expensive if you are a smoker or unhealthy | Premiums are not tax-deductible |
| Key Person Insurance | Helps ensure business continuity and provides financial security for your business | Relieves stress and strain if you lose your business partner knowing you can replace that person | Premiums can be expensive if the key person is a smoker or unhealthy | Premiums paid for key person insurance may be tax-deductible as a business expense |
| Long-Term Care Insurance | Protects your finances in case of unexpected long-term care needs and provides peace of mind knowing that you and your loved ones are covered | Helps ensure that you have access to quality long-term care services when you are unable to care for yourself on your own | Premiums can be expensive and the coverage may have limitations or exclusions | Premiums paid for long-term care insurance may be tax-deductible as a medical expense |
| Group Health Insurance | Helps attract and retain quality employees and provides a safety net for employees if they become ill or injured | Helps employees access medical care & stay healthy without worrying about the cost | Plan options may be limited in your area, depending on where business is located | Premiums paid for group health insurance may be tax-deductible as a business expense |
| Group Long-Term Care Insurance | Helps attract and retain quality employees and protects your employees’ finances in case of unexpected long-term care needs | Provides peace of mind knowing that your employees will have care if they need it | Premiums can be expensive depending on the ages of the employees, and the coverage may have limitations or exclusions | Premiums paid for business long-term care insurance may be tax-deductible as a business expense |
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