Business Life Insurance
You’ve worked hard to establish a successful business. Now it is time to think about what you would like to happen to the business if you or a key employee were to pass away. Though it can be difficult to think about such a subject, planning for these sorts of events can save your company a great deal of turmoil in the future.
Herrmann Insurance Agencies can help you find the right small business life insurance policy for your company. Our Rapid City-based office is happy to help business owners who want to safeguard the survival of their companies and the well-being of their employees should the worst happen.
Business Succession/Business Continuation
The major insurance companies with whom we work offer a number of ways to protect a business in the event of an owner’s death. Life insurance can assist survivors in making an orderly and economical transition to a new ownership structure. Working with an attorney to create a buy/sell agreement is also an option. Our agents are ready to discuss your goals and steer you in the right direction.
It can be difficult for a small business to continue successfully if a standout employee passes away. Employee life insurance can cover the costs of searching for and training a new employee, and the cash flow from the policy can assure creditors that your business will remain viable despite the loss of a valuable worker.
We’re Here When You Need Us
The agents at Herrmann Insurance Agencies can help you with any aspect of business succession and insurance issues. Let us guide you along the path toward preserving the legacy that is your small business.
Contact Our Agents
If you have any questions about Business Life Insurance Services or would like a quote, please contact our Rapid City office. We look forward to helping you.