Insurance Planning for Businesses

Winston-Salem, NC 5/22/2018

As a small-business owner, you’re responsible for two families: the one you have at home, and the one you have through work. No matter what your business, a well-conceived insurance and benefits program is essential. If you die or become disabled, insurance can help protect your family and your business.  To get a sense of how well you’ve planned for these responsibilities, ask yourself these questions: 

As a small-business owner, you’re responsible for two families: the one you have at home, and the one you have through work. No matter what your business, a well-conceived insurance and benefits program is essential. If you die or become disabled, insurance can help protect your family and your business.
To get a sense of how well you’ve planned for these responsibilities, ask yourself these questions:
  • What will happen to my business and family if I die or become disabled?
  • What will happen if certain key employees die or become permanently disabled?
  • How can I attract and retain the best employees?
  • How can I help ensure that my business will be able to weather unforeseen financial hardships?
  • What will happen to my business when I retire?
Explore this section to learn more about how insurance can help protect your business while giving you a competitive edge.
Business Continuation:
One of the first things any business owner needs to consider is how to protect against events that may threaten the future of the business, like the death or disability of a proprietor, partner or key employee.
 
Individual Life Insurance
Disability Insurance
Buy-Sell Agreements
Key Person Insurance
 
Employee Benefits:
A good benefits program is essential for attracting new employees and retaining current ones. Surveys show that three in four workers consider benefits a decisive factor in weighing new job opportunities. Benefits like health and disability insurance and retirement plans are very desirable to employees, but they can also be costly to employers. That’s why many employers share the costs with their employees. There are also voluntary benefit programs that allow employees to purchase or increase their benefits themselves, often through automatic payroll deduction. An insurance professional can help you select the right mix of benefits and guide you through the various plan options. This section highlights the main benefit plans you’ll want to consider in crafting your employee benefits program.
 
Health Insurance
Life Insurance
Disability Insurance
Dental and Vision
Retirement Plans
 
Executive Benefits:
Executive benefits help you offer your best employees a higher level of benefits and compensation, along with significant tax advantages. They also compensate for the fact that most 401(k) programs restrict the ability of executives to accumulate enough money on a tax-favored basis to fund the retirement lifestyle they desire.
Here are a few types of executive benefits that can help separate your company from the competition.
Deferred Compensation Plans (including SERPs)
Section 162 Plan
Supplemental Disability Income Insurance
Download the Taking Care of Business guide
 
 
 
Please contact our agency with further questions.
 
Wilson Insurance Services - Our Knowledge is Your Best Assurance™.

 

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What Our Customers Say!
Several months ago we had a flood in our home due to a defective valve in our guest bathroom. Needless to say we came home to a disaster. We immediately contacted our agent, Linda Welborn. Right on the spot she gave us the name and phone number of a company to call (Disaster One). They came out that evening (around 11:30pm) and worked through the following morning around 6:30am. They did an outstanding job! We were so impressed with their "sense of urgency" and "expertise" we assigned all of our repairs to their company. The insurance adjuster(Erie Insurance) cut no corners when it came to replacing damaged items. They issued repair orders on things we weren't even aware we needed to look for. They too did a great job in getting everything processed quickly. It's great to have such a Professional agent who treats us like we are her only customer. I have been so impressed with her outstanding customer service that I refer many people to your agency because of the great care and attention she gives to her customers. Thank you Linda for your outstanding service! We look forward to working with you in the years to come.
Linda Martinez, Merfin Systems, LLC

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