Commercial Insurance - We've Got You Covered!

Recently at Broker Plus Insurance, we’ve come across some clients who are in need of commercial insurance protection. These clients own their own businesses, or are key people in their business, and understand that something such as an unexpected disability leave can leave a business floundering in certain circumstances. The best way to ensure that your business is protected is to ensure that some sort of commercial insurance is in place so that should the worst happen, your business can continue to function with little to no impact on its day to day functions.
Some of the products we are proud to offer include:
 
Term Life Insurance:

• Enables you to have protection from financial risks such as commercial mortgages.
• Multiple beneficiaries can be named and coverage stays level for the specified term.
• Up to $5,000,000 coverage is available with terms in 10, 20, 30 and 100 years with paid up options that have a cash surrender value available.
• The main benefit of this coverage is that the application can be taken over the phone and in some cases, approval can be issued right away!

 
Mortgage Life:

• Provides up to $1,000,000 so long as the mortgage is in a person’s name and not the business.
• Products available with this type of insurance are Life, Disability, Job Loss, Critical Illness and Accidental Death.
  Life

 
Buy/Sell Insurance:

• Provides the transfer of ownership of a business in different circumstances such as death, disability, retirement or disagreement.
• At death or disability, for example, the remaining owners may not want to be in business with the deceased owner's heirs or the non-active disabled owner.
• The heirs or disabled owner may prefer to receive the value of the deceased owner's share of the business in cash.
• If an owner retires, an agreement paves the way for business as usual. If owners have a falling out, a buy/sell agreement will enable the business to continue or be "wound up" in an orderly fashion

 
Key Person Insurance:

• Provides a relatively inexpensive means of covering costs of replacing a deceased executive and also provides reassurance to the company’s creditors by ensuring that the death does not threaten the company’s’ survival.
• The main benefit of this type of insurance is because premiums are paid in after-tax dollars the benefits are tax-free.

 
Whatever your business’ needs are, Broker Plus Insurance can assist you and your company with obtaining the coverage that is right for your business. Contact us through the links below so that we can assist you in gaining your insurance needs.
 
To read more on each of our products, click here.
To request a quote on the products we offer, click here.
Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.