As a Los Angeles business owner, you face risks that employees don’t. What happens to your company if you or a key partner becomes incapacitated or passes away? Business life insurance protects your company, your partners, your employees, and your family from financial devastation.
TermHero works with LA entrepreneurs, partnerships, and small business owners to put the right business insurance strategies in place.
Business Life Insurance Strategies
Key Person Insurance
Protects your business from the financial impact of losing a critical employee or owner. The company owns the policy and receives the death benefit, which covers lost revenue, recruiting costs, and business continuity.
Buy-Sell Agreement Funding
If you have business partners, a buy-sell agreement funded by life insurance ensures a smooth ownership transition. If one partner dies, the insurance provides the cash to buy out the deceased partner’s share – protecting both the business and the partner’s family.
Business Loan Protection
Many lenders require life insurance as collateral for business loans. A term policy matching the loan amount and duration satisfies lender requirements and protects your business if something happens before the loan is repaid.
Executive Benefits
Offer key employees supplemental life insurance as a retention tool. It costs less than you’d think and helps attract and keep top talent in the competitive LA market.
Protect Your Business and Your Family
TermHero understands the unique insurance needs of Los Angeles business owners. Let us help you find the right strategy.
Call (818) 222-2300 or get your free business insurance quote