Retirement & Insurance Concepts,  Inc.

Businesses and their needs.

Business Solutions

Most businesses are insured against the risk of fire, theft, and accident. But are these the only risks that you face while operating your business?

Ask yourself these questions:

· Am I prepared in the event another shareholder dies or becomes disabled? Will the business survive? How will the business be split among the remaining shareholders?

· Am I prepared to lose the services of a key employee? Perhaps the president of the company or the leading sales manager? What would be the financial impact?

· If I become disabled, will there be sufficient funds to pay the business overhead to keep the business alive?

· Am I prepared to recruit and retain the best employees through a progressive employee benefits program?

· Are my key people sufficiently rewarded, outside of their salary, in order to retain their valuable services?

As you can see, insuring just your property may not eliminate all the risk that you face, and as a successful business person you realize the less risk you face, the better your chances of not only surviving, but thriving. There are many ways you can reduce these risks. It is critical that these risks not be ignored. One way is through quality insurance, financial products and services from a financial firm.

 

TIPS ON ASSURING THE PRESERVATION OF YOUR BUSINESS
Business planning is a complex undertaking, generally requiring the efforts of more than one professional. The following information will provide an overview of setting up a team and key considerations for buy-sell agreements and key employee insurance. We can assist you with these and all your business needs. Kiel Insurance does not offer tax or legal advice.

YOUR BUSINESS PLANNING TEAM
The first step is putting together your team. Here are the key members you should include.
Estate and Business Planning Attorney
Choose an attorney who specializes in estate planning and business continuation. Your choice could mean the difference between successfully achieving your goals and the failure of your business plan.
Life Underwriter
An insurance professional can assist you in determining the best type of policy and coverage you'll need to meet your goals.
Certified Public Accountant
A CPA can assist you in complex business valuations.
Business Appraisal Expert
In the event of a disagreement with the IRS as to the value of the business interest, a trained expert in this field can provide expert assistance.

If you would like to analyze your situation and learn how to protect your company from these factors.  Call 800-883-9233

Terms of use : These web pages are for informational use only and not to be used in any illegal solicitation and Retirement & Insurance Concepts, Inc. assumes no liability for its use. Retirement & Insurance Concepts, Inc. recommends you speak with a licensed agent on any matter. Any links connected to our website is also just for informational purposes and does not reflect any connection or relationship with any other party. All use is at your own discretion and all research and actions are of your own free will- COPYRIGHT 2003

Phone: 800-883-9233

Email: steve@ric-1.com

       Retirement & Insurance Concepts,  Inc.

P.O. Box 209 , Ware MA 01082