Business Insurance Planning

With this model and commitment we wholeheartedly endorse Kathy Shine with Benefit Outsource Insurance Services, LLC for your business insurance needs. Endless searching has found us the right combination of someone who understands the Roadtechs community and a company that can provide the professional services to our community.

Please call Kathy Shine at (805) 474-0731 or e-mail her at: kshine@benefitoutsource.biz

Business Planning:
Implementing the right business strategies means you are more likely to be free of worries and able to concentrate on your business goals and dreams.

Whether you are looking for insurance, retirement products and services or investments, part of what you'll need to consider will be uplifting - like rewarding your employees and top executives with benefits and bonuses. And, part of what you'll need to manage is the unexpected - like maintaining business continuity during a disability of yourself or one of your employees, or upon the death of a business partner.

Business Continuity:
Illness or injury, whether your own, a business partner's or an employee's can derail your business. The solution is to prepare now, especially by considering that business expenses will continue during and after an unexpected disability.

Business Overhead Expenses Protection provides a solution - in the form of monthly indemnity - to the business upon the disability of the insured owner to cover routine business expenses. This policy reimburses the owner for covered business overhead expenses up to a specified limit on a monthly basis during disability. Additionally, the policy can help assure the company employees that - in the event of the owner's disability - the business will continue to operate and their jobs will be secure.

Buy / Sell:
Buy-Sell agreements and their funding are critical to a smooth transition of business ownership from one party to another. As a business owner, a buy-sell agreement provides a ready market for what is typically an asset without a public market. Without a buy-sell agreement, a deceased business owner's estate may be stuck with an illiquid business interest that may not be easily sold. A buy-sell agreement, properly funded with life insurance, is an ideal alternative to insure the business owner's illiquid business interest is converted to cash for the family.

You shoulder a lot of responsibility with your business. A disability buy-out agreement policy funded by disability insurance can help solve part of the problem when disability strikes a business owner or partner. The likelihood of disability is much higher than death during the typical working years.

Key Person:
As a business owner you cannot do it all. You rely on a few key employees who help make day-to-day operational decisions, who play a key role in obtaining credit with a financial institution or who oversee all sales activities. Losing one of these key employees could set you back.

Key person life insurance provides life insurance protection on the life of a key employee and is purchased to help reimburse the business owner from economic loss caused by the death of the employee.