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Solutions to Protect your Business
Critical insurance plans to keep your company running when it matters most
Choosing the right insurance plan for your business and employees is a major decision. We can help.
We specialize in providing insurance-based business benefit programs to protect your company. We deliver supplemental retirement benefits, disability and life insurance protection, as well as outcome protection benefits such as buy/sell agreements, and business continuation policies.
Own a business or in a partnership with a co-owner? The success of any business relies on the owners' thorough planning and smart strategies. With a little guidance, you can easily prepare for the future and protect your hard work. We provide South Carolina business owner's with solutions to ensure their money won’t disappear when the unexpected happens.
Buy/Sell Agreements
Preparing for an unexpected leave of a partner is important. A Buy/Sell Agreements funded by life insurance is critical in protecting you against unintended or unwelcome transfers of ownership. The agreement can protect heirs of the deceased from financial issues. The policy can also provide funding for the surviving partner to buy out the remaining share.
Key Person Insurance
Key Person Insurance, often called Employee Insurance, can protect the company from incredible burdens due to the loss of an essential employee. If a key person becomes disabled or deceased, the policy can help against loss revenues and protect remaining owners from a forced sale or loss of control of the business.
Executive Bonus Program
Under an Executive Bonus program, an employer pays for life insurance policies for a select group of employees as an incentive benefit. The policy premium is treated as a bonus, in addition to salary. These benefits are an attractive compensation method for employees and also serve as a tax advantage to the employer.
Business Continuation
A Business Continuation plan consisting of life and disability policies can help safeguard a company from loss of life and the financial burdens associated. These are designed to help maintain business continuity should a partner die, or become unable to participate in company operations.
Business Insurance Protection FAQs
My business partner and I own a business. What if one of us passes away?
A buy/sell agreement with a life insurance policy will help a smooth transition in the event of a death. This provides the surviving owner the funds available to buy the deceased’s portion of the business back from the heirs. This can also protect the heirs if the family is seeking financial compensation rather than taking on the business themselves.
Does Key Person Insurance have to be for an owner?
No, it can cover any key person. The key person may be an owner, or it may be a top-performing partner or any position that is vital to the company's success.
What happens if an employee with an executive bonus program leaves the organization?
No problem. Executive bonus programs are easy to administer, transfer, or cancel.
Do you offer free consultations to new customers?
Yes! We offer free consultation services to new customers and existing clients. We work for you, not for a specific insurance carrier, so you can rest assured knowing that your best interest is our top priority.
Contact Us
Drop us a line and a certified agent will follow up with you soon to assist.
Health Carolinas
203 Kuker St.
Florence, SC 29501
843-799-1313