Business Owners & Professionals Urged to Improve Protection of Your Greatest Asset: Your Future Earning Potential
Individual Disability Insurance in Conjunction with Overhead Expense Insurance Helps Insure Business Will Survive if Owner Cannot Work
Press Release
FAIRLAWN - January 20, 2010 - Most of us understand the need for insurance to protect major assets, such as our home or car. But a surprising number of people fail to insure their greatest asset: their business & future earning potential. This is particularly true for attorneys, accountants, executives, consultants, sales and finance professionals, owners of small or home-based businesses and other professionals. Brunswick Companies announced today that its disability insurance specialists are utilizing a combination of individual disability insurance and overhead expense insurance to improve protection for their professional clients across the country.
Most people underestimate the probability that they will face a disability, perhaps thinking "It won't happen to me." But the fact is, one in three Americans will become disabled for a period of at least three months before reaching age 65, and the average length of disability is 2-1/2 years, according to the Commissioners Individual Disability Table A, CSO. To help consumers understand their risk, Brunswick Companies has posted Facts About Common Disability Insurance Misconceptions.
Business Owners and Professionals Face Special Disability Risks
"Business owners and professionals face special risks, having worked hard to make their operation a success." stated Michelle Hirsch, Vice President of Marketing and Business Development. "At Brunswick, we move beyond cookie-cutter disability policies, crafting a customized solution to maximize protection cost-effectively. For business owners and professionals, we start by recommending individual disability insurance and overhead expense insurance, to both replace lost income and provide reimbursement of business expenses incurred while the policyholder cannot work."
An Individual Disability Insurance Policy can:
- Provide regular monthly income to help maintain your standard of living
- Provide customized coverage to fit your particular situation
- Help you retain your independence and dignity; prevent burdening your family and friends
- Help keep your current assets and financial goals for the future intact
Overhead Expense Risk Management
Business owners' risk is magnified, having worked hard to make their operation a success. A disability can jeopardize even the most thriving business. Hirsch recommends they manage their disability risk by purchasing tax deductible Overhead Expense Insurance from Brunswick Companies. "This coverage can keep your business running smoothly by reimbursing business expenses until you can return to work, preserving the valuation of the business you have worked hard to build."
Benefits of Overhead Expense Insurance
- Helps pay the bills - Overhead Expense Insurance can help provide funds to pay the business bills and employee salaries.
- Can mean the difference between staying open and closing your doors. In today's competitive environment, even a temporary closure is risky.
- Maintain goodwill - Overhead Expense Insurance allows your business to remain on good terms with customers and creditors, and helps protect the drain on business capital.
- Helps retain business value - Should you decide to sell your business due to a permanent disability, being able to pay your bills and keep the operation running smoothly helps ensure the valuation of your business remains strong.
A Customized Approach to Risk Management
With over three decades of risk management and underwriting experience, as well as decades of experience in supporting the professional liability insurance needs of professional groups, Brunswick Companies is uniquely qualified to create customized solutions.
Simplifying Policy Comparison
Brunswick Companies offers a variety of reputable plans from top-rated insurers. There are many companies offering disability insurance, and each product is different. Hirsch stated, "Shopping based on rate alone may result in obtaining a contract that offers little protection when you most need it. There are dramatic differences in coverages and exclusions, as well as cost-effectiness of coverage. Our disability insurance specialists are experienced in providing the information to compare policies and make an informed decision."
Securing Coverage is Fast & Easy
To request additional information, call Michelle Hirsch at 800-686-8080.
Individual Disability Income Insurance Application:
Overhead Expense Insurance Application:
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