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Business Risk

Business Risk Insurance

Most companies, especially small businesses, would be hard pressed to survive the death of a partner of key person in the business. The risk when a partner dies is that by law they have to buy out the deceased partner’s family or allow them to take over his position and draw his pay. The risk when a key person dies is that a loyal customer base may be keeping your bank account full because of the way that person interacts with them. Business life insurance can be used in several business situations to make sure that companies outlive an untimely death. If your business doesn’t have a succession plan call Risk Life for more information