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24
Nov

What is Key Person Insurance?

Most business owners understand that assets vital to the success of the enterprise should be insured.  Premises are routinely covered for fire and/or theft; vehicles used to make deliveries, insured; machinery needed for manufacturing, also insured. Given that these tangible assets are instrumental in the success of the business, it makes good business sense that the business is protected in the event of a loss.   But what about key employees? Many business owners overlook the impact on their business should a key employee die unexpectedly.

If you own or manage a company whose continued success is dependent on key people (it might even be you), it would be prudent to insure all key personnel whose death or incapacity would negatively affect profitability.  Key persons are those who contribute to the continuing success and profitability of the enterprise.

What happens when an owner or key person dies or becomes disabled? Read more

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2
Nov

Tips for a guilt-free Holiday Season

Even for those of us who love the holiday season, this time of year can be very stressful. In addition to all our regular commitments, we somehow manage to squeeze in enough time for holiday shopping, extra cooking and baking, get-togethers and parties, and maybe even a school concert or two.

The stores started stocking holiday décor in October, and suddenly the pressure is on – to have the “perfect” holiday, but do we really need perfection and all the stuff that goes with it? Read more »

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