The success of many companies is strongly tied to the efforts of certain key executives or employees. To protect the health of your business, it’s also important to have a succession plan. In addition, you may have a need to enhance certain benefits to attract and retain certain individuals in vital positions. To help these essential employees see they’re valued, we can help!
Life Insurance
Purchasing life
insurance for key employees is an effective way of demonstrating to
them that they are very important to your company.
Disability Insurance
The loss of a key
employee negatively impacts your company. You can protect yourself
against the financial setback of a disabled employee with proper
insurance. It provides payment to the employer during the period of
disability, enabling you to adjust, hire and train a replacement or
wait for the person to return to work.
Buy/Sell Programs
Business owners
must be protected from financial complications resulting from the
death or disability of a partner or fellow shareholder. Buy-sell
life and disability policies can provide the necessary funds to
pursue a buyout, which helps both business owners and their families
during a difficult time
Business Overhead Expense Insurance
Unfortunately, the
expenses of running a business don’t stop in the event of a
disability. When a disability occurs, business owners often need
ways to help them meet the financial obligations of their business. PPB understands this challenge and can help you evaluate your needs
and choices for this important coverage.
Supplemental Executive Retirement Plans (SERP)
There are special
retirement packages that can be available for executives of your
company. SERP is a great way to attract, keep and reward those
individuals.
Key man Protection
Your company likely
has employees who are critical to the success of your business. The
financial impact from the death of one of these key people can be
significant – perhaps even devastating. PPB represents insurance
companies that specialize in this area and that can help you plan for
a setback such as this.