As a Sole Proprietor, it’s important to have a succession plan for your business, in the case of an unforeseen event. Insurance will make sure all of your business liabilities are covered and protect your executor or administrator from being forced to sell the business to conserve your estate. By obtaining sufficient business life insurance, you can help carry out your plans for the disposition of the businesses – whether it be continuing the business, liquidating, or selling.
Personal disability insurance is also able to provide an income in the event of your disability.
Contact us today for more information on our Business Insurance for Sole Proprietors.