Is it Time for Business Owners to Take Off Their Invincibility Cloak?

entrepreneur's invincibility cloak

Something about the phrase, “Don’t worry about it,” automatically has the opposite impact on me. Whether it comes from one of my kids or someone trying to convince me of something I’m unconvinced about, that phrase always makes me suspicious. Here is a story where a business owner was told by his business partner, “don’t worry about it,” when asked … Read More

7 Reasons Why Keyperson Insurance is Strongly Recommended for Your Business

keyperson insurance

Last week, I wrote about buy-sell insurance because several business owners I talked to didn’t know what it was, let alone have it to protect their business. This week, I’m talking about keyperson insurance. Whereas Buy-Sell insurance uses insurance proceeds to buy out an existing partner’s shares of the company, keyperson insurance is an infusion of cash to help the … Read More

5 Types of Business Risk Every Business Owner Should Absolutely Prepare For

Benefit Plan a Liability To Your Company

Ignoring Business Risks Could Mean Disaster for Your Family, Your Retirement, Your Business and Your Employees As business owners, we expect and accept a certain amount of risk.  If there weren’t any risk, then everyone would go into business for themselves.  Like in life as in running a business, there are smart risks, calculated risks and completely random risks.  Some … Read More

What are the 6 Things I Need Business Protection Insurance for?

Business owner benefit plans

Reduce Business Risks by Implementing Business Protection Insurance for Management Team and Key People As Business Owners, we all assume certain business risks.  In my discussions with business owners, I’m astounded by the types of business risks that some owners are willing to make.  Ironically, none of these individuals I would consider stupid, overly aggressive or brazen.  Some of these … Read More