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There are many reasons to use life insurance in a business situation. Say you have two people in a partnership and you agree that if one person dies the other will buy out the family of the deceased. Where will you get the money to buy out the family. Life insurance is often the funding source for many such agreements. This example is called a Buy-Sell Agreement. These are funded by life insurance on each partner in a set amount per their agreement. It serves both parties as the survivor gets the business and isn't all of a sudden without a partner and stuck with inexperienced family members who own half the business. The family of the deceased are paid in full by the insurance proceeds without having to negotiate a price for a business at a bad time. Another type of business life insurance is "Key Man Insurance" where a business would suffer financially if an important employee died. The life insurance would pay the business and give them money to overcome the loss as well as to recruit and train a new employee for the important position. There are many other type of business life insurance. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
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Commercial insurance helps protect your business from its own exposures. Exposures are risks that your business generates during the course of its operations. Pr…oducts carry liability if someone is hurt using them (general liability) Operations like construction carry defective workmanship claims and site safety claims Using vehicles in the course of business dictates a need for commercial auto insurance Professional services rendered leads to a need for professional liability insurance A good insurance broker can help you understand all of the different risk your company faces AFTER they spend time to understand your operations. Then they can discuss policy options and also help you understand what risks you face that wont be covered by insurance. Examples of these risks include OSHA fines, EPA compliance costs, HR Compliance costs, etc. Commercial insurance is typically required by landlords and vendors, as well as customers. It isn't uncommon for these parties to request certificates of insurance to make sure that your company is protected and will help prevent them from financial damages in the event you experience a claim working with them.
Answer Call a licensed life insurance agent
Answer Commercial Insurance is for a business. (general liability, worker's comp, etc.) The term "non-commercial" insurance isn't generally used. There is commerc…ial insurance and personal insurance (i.e. homeowners, personal auto)
Dunno the name of the song, but the commercial is called "Tail Slaps Sports Music." Here's a link! http://www.pacificlife.com/About+Pacific+Life/General+Information/advert…ising.htm - edit: on 12/30/2008 during the Kennedy Center Honors television broadcast, the Pacific Life Whales Dancing commercial was broadcast and it used Randy Edleman's 'Dragonheart' theme. - nc EDIT: Pacific Life calls it their theme song, but it is really a rift from the Fleetwood Mac song called "Tusk" with some changes to it. EDIT: the score is played by the USC marching band, probably an edited live performance. The band is famous for its use of Fleetwood Mac music and themes.
Who is the actress that plays the wife sitting at the kitchen table on the AARP life insurance commercial?
Laura Mitchell, shes my drama club teacher :)
It's Laura Mitchell. She's some guy's drama coach.
How can i locate an insurance company in Milwaukee Wisconsin named commercial life insurance company?
How do I locate commercial life insurance company in Milwaukee Wisconsin
It sounds like Greg Kinnear to me.
Life insurance, as the name suggests, is insurance on human lives. Life insurance policies are considered to be "valued policies" because they are purchased in finite amounts,… rather than designed to pay damages or the then-current value such as property insurance does. Life insurance comes in several varieties, the main categories being term life and whole life. Term life insurance remains in force as long as premiums are paid, but has a definite termination date (such as 20-years). If the insured does not die during that period, the insurance expires and there is no remaining value. Stated otherwise, it may be said to represent "pure protection". In contrast, there is "whole life". A part of the periodic premium is applied to pay for the death benefit, and another part of it is applied to a savings element. The savings element accumulates slowly at first, and depending upon the nature of the policy, may be used to invest in an array of income-earning assets, such as mutual funds, that the insurer offers as "investment" options. The earnings of the policy is referred to as "cash value", and depending upon the terms of the policy, may be used by the insured or the owner of the policy for a variety of purposes, including borrowing it. If left untouched, the cash value may reach a point where it fully supports ongoing premiums such that the insured has to pay nothing more. "General insurance" is the term often used to refer to non-life policies, such as homeowners, auto, and other forms of property and casualty coverage
address of united of Omaha Life Insurance
I believe the woman whose mother has died is played by Justine Shapiro of GlobeTrekker fame.
How do I find out who has my policy I had with Commercial State Life INsurance Company
No I did not know that one of your friends knew the girl in the Prudential life insurance company commercials. I know they are a very large insuranc company, so your friend's …friend must be a very special girl to be in their commercials.
What is the name of the youngest actresses in the Met-Life Insurance Commercial Spot Dad's Accident?
It's Juliette Trafton.
There are plenty of places in order for one to watch a life insurance commercial. However, it is strongly suggested that one should watch a life insurance commercial on the we…bsite YouTube.
Liability provides coverage for claims or losses in which you canbe held liable for damages or in which you have been accused ofbeing responsible. Comprehensive coverage woul…d also provide coverage for otheraspects of your business, such as property, inventory, businessautos and equipment, cash flow, etc..
They merged into Humana Insurance Company on 11/4/1985.