Useful for many small and medium sized businesses, whether here in San Antonio, Texas or Los Angeles, California, business continuation can be a useful element of succession planning and can be viably important to a business continuity plan. These policies usually consist of life and disability policies that are structured to meet the business continuity needs of the owners of a business, should a partner die, or become unable to participate in a company’s ongoing operations.
Business continuation polices are payable per the terms of an ownership transition contract, typically either buy-sell, cross purchase or entity- purchase agreement. This type of plan is a risk management strategy that enables remaining business partners to move forward.
How Do I Enroll?
If you would like to enroll into a business continuation policy for your small business, we kindly ask you contact us so we can do a free, custom analysis on your situation, and find a plan suitable for your business needs.
There are over 5 million small businesses in the United States and 53% of them do not have any business continuity life insurance plans.
Source: PolicyGenius
