So you’ve decided that you want to open you own business and answer to no one but yourself? Aspire to be in control of your own destiny? Good for you! While your ambitiousness is commendable, it’s all too easy to forget about all the other things related to being an entrepreneur when you’re swamped with issues such as liability insurance and business property insurance. But here are some other types of insurance coverage Global strongly suggests no business owner should be without.

 

Group insurance

Regardless of the number of employees you have, as an entrepreneur, group insurance is something that employees have rightfully grown to expect as a must. Providing worry-free insurance benefits helps attract and retain good employees. Plus, i t shows that you care about their financial security and physical well-being.

 

Dental / Health Insurance

Being your own boss means no more relying on employer benefits! Health and Dental Care Insurance is designed to fill in the gaps left in the government health plans, which may might not cover all your medical expenses if you get sick or injured, including drugs, private and semi-private hospital rooms in case of accident.

Whole Life- Life insurance protection with a tax-advantaged investment component.

Do you want the peace of mind for your business to be protected against key employee loss? Then whole life insurance may be right for you. You can draw upon as needed for personal or business opportunities, or provide your business with necessary funds for a buy-sell agreement.

Disability Insurance- How well could you live if you weren’t able to work? Consider protecting your income for peace of mind should you suffer an injury or illness and are unable to generate income. Disability long-term insurance helps you meet your income requirements, so you can concentrate on recovering from your disability and return to a normal, active life.

Leave a Reply