Insurance Planning For Businesses
By Elite Pacific Insurance & Investments Corp
Customized Protection That Keeps Your Business Moving
The people you employ are the key ingredients that drive the growth and success of your business.
How would you continue on if you, a partner, or a key person became seriously ill or disabled? An outcome like this could have a serious financial impact on your business.
Even if you’re optimistic about the future—disaster can strike at any time. That’s why you need a business continuation plan, complete with the right insurance, in place to protect your business and its people.
We can help you put together the right insurance for your business continuation plan, so you can keep growing with a plan in place for the future.
What could your customized insurance plan include?
Buy/Sell Funding
Premature passing, critical injury, or disability of a shareholder can lead to uncertainty in a business. Buy/sell funding agreements backed by proper life, critical illness or disability insurance can put your business and its interests first, so you can overcome financial impacts and maintain business continuity.
Key Person Insurance
Certain people play a vital role in the growth and success of your business. Do you have someone that you rely on for your day-to day-operations? Proper key person insurance plan can help minimize the financial risks to your business should a key employee become disabled, ill, or die.
Business Overhead Expense
The continuation of your business relies on income to cover a multitude of operational expenses. A business overhead expense policy reimburses any fixed business expenses in case an owner becomes disabled and cannot generate income, ensuring your business can continue to operate as you recover or rethink your long-term strategy.
Critical illness Protection
Do you have the right protection in place should you need to recover? Critical illnesses can occur at any time. Critical illness insurance provides a tax-free, lump sum benefit in the event a life altering critical illness. This benefit can be used for any purpose including covering medical costs, loss of income and other expenses.
Disability Insurance & Income Replacement
What would you do if you could no longer work due to a long-term disability? Disability insurance provides you with a steady income should you become disabled. That way you can continue to live your life the way you want, cover monthly expenses, and never have to worry about your ability to earn a steady income.
Corporate Asset Transfer
Invest with purpose and protect your most valuable assets.
Reach your financial goals faster with personalized financial advice and insurance policies that protect your most valuable assets.