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Small Business Protection Products


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You may already have individual disability insurance to help protect yourself and your loved ones from the unforeseen impacts of becoming disabled. But what about protecting another that’s near and dear to your heart? Your business. Without small business protection solutions in place, your company could be at grave risk if you become disabled.

An integrated approach to business protection

With Business Provider, you’ll have a comprehensive range of business protection strategies to help keep your business strong. From overhead expense protection to long-term debt coverage to disability buy-sell insurance, you’ll enjoy the confidence of knowing your business is secure — and backed by one of the nation’s top provider of disability income insurance: Berkshire Life Insurance Company of America, a Guardian Company+.

Coverage for overhead expenses

If you become disabled, the day-to-day expenses associated with running your business can quickly add up. Before long, these expenses may force you to consider layoffs or even shuttering your business. Unless, of course, you have overhead expense disability insurance. Should disability strike, Overhead Expense1 covers your normal, necessary and customary expenses associated with the operation of your business, including rent, mortgage, utilities and more, and can provide reimbursement for up to 100% of your expenses every month. It can make the difference between returning to a viable business and returning to no business at all.

Business Reducing Term (BRT) disability insurance

Debt. It's often a given when you’re running your own business. But if you become disabled, debt can become a threat to your business’s financial health. A Business Reducing Term2 disability insurance policy can help you continue to meet your business’s fixed term financial obligations, including:

• Business start-up or practice purchase loans
• Capital improvement of expansion loans
• Employment contract guarantees
• Contract performance guarantees
• Purchase agreements
• Lease agreements
 

Funding buy-sell agreements with disability provisions

Keeping your business running strong has to be a priority if you or your partner becomes disabled. By creating a standing buy-sell agreement that contemplates the potential for both death and disability, you can help ensure that your business is successfully transferred in the event you or your partner is unable to continue working. When you fund this agreement with disability buy-out insurance3, you'll be shifting the financial burden associated with the buy-out from your business to the insurance company, helping to keep your company's finances intact and improve its chances for continuing long-term success.

1 Policy Form 4100 and 4200 underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY.

2 Policy Form AH-55-A provided by The Guardian Life Insurance Company of America, New York, NY

3 Policy Forms 3100 and 3200 underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY.

+ Disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of the Guardian Life Insurance Company of  America (Guardian), New York, N.Y. or provided by Guardian.