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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
There is
vulnerability to market forces, competition, and even consumer behavior. These
are unavoidable and there is protection. Yet, most important is when a company
grows it relies on particular individuals because of their expertise in certain
positions. While employees are expendable there are particular employees so
valuable you cannot afford to lose them.
Protecting the business is crucial and there
are mitigations available if you know what they are.
For business owners, insurance doesn’t just provide peace of mind. In a
lot of cases, that insurance is a legal requirement. As a business owner, how
can you be sure which insurance policies you need? How do you combine
affordability with adequate coverage? Well, you can always talk to a financial
professional.
In this Finance Course, we will discuss different insurance
solutions for business owners.
Key person insurance is a life insurance policy that a company
purchases on the life of an owner, a top executive, or another individual
considered critical to the business. The company is
the beneficiary of the policy and pays the premiums. It offers
a financial cushion if the sudden loss of a certain individual would
profoundly negatively affect the company's operations. The death
benefit essentially buys the company time to find a new person or to
implement other strategies to save (or shut down) the business.
In a small business, the key
person is usually the owner, the founders, or perhaps a key employee or two. The main qualifying point
is whether the person's absence would cause major financial harm to the
company. If this is the case, key person insurance is definitely worth
considering.
In this CPE webinar
speaker, Drew Stevens will help you to
understand the
premise behind buy-sell and key person insurance.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
CEO and Leadership Change Expert, Stevens Performance
1 Credit
Subject Area
Aug 12, 2022 | 10:00 AM EDT
Aug 12, 2022 | 11:00 AM EDT
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