Business Insurance

If you have a practice or business, there are additional steps you should consider to protect the practice or business itself. These include business overhead protection to pay business expenses in the event of an extended illness or injury; key person insurance in the event of loss of a key person due to disability or death so that the business will have time to find a replacement without significant financial loss; and a properly funded buy-sell agreement to create a smooth transition and transfer or sale of the practice or business at fair market value at the time of retirement, death, or permanent disability. Proper planning is best done as a team along with your attorney, accountant, and other professional advisors.