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Why Small Business Owners Need Critical Illness Insurance

As a small business owner, you likely spend a lot of time growing and investing in your business, right? Well, what if the unthinkable happened and you were diagnosed with a life-threatening illness? You probably wouldn’t be able to commit too much time to work during your recovery and you might have to leave things up to your business partners in your absence.

Well, how can you make sure you recover while also keeping an eye on all of your important assets? That’s where critical illness insurance for business owners comes in. The team from Desjardins Financial Security Independent Network has helped hundreds of business owners protect their company after falling victim to a critical illness, so let’s learn more about why having critical illness insurance for business owners is key!

What Would Happen if You Were Diagnosed with a Critical Illness?

If you were diagnosed with a critical illness, do you know what would happen to your small business? Who would take your place? Would your partners be able to buy you out? These are the types of questions the team from Desjardins Financial Security Independent Network can help you answer with our critical illness plans for business owners. We can help you protect your assets and see that your business still flourishes in your absence.

Other Benefits of Critical Illness Insurance for Small Business Owners

In addition to helping you protect your assets, there are also a number of other benefits for business owners who have critical illness insurance, such as:

  • Limiting Your Financial Loss: With business critical illness insurance, you’ll limit your losses by receiving a one-time, lump-sum to help hire replacements and cover any other financial losses for your business.
  • Keep Financial Goals On Track: Being unable to work can certainly be a burden for a small business owner, but with critical illness insurance, you’ll be able to use the money you receive as you see fit, investing in your business to keep its financial goals on track.
  • Buy Back Shares: Should you be forced to sell the shares you have in your business due to your critical illness, you can easily by them back at a later date once you’re able to get back to work again.

Also Read: Misconceptions About Critical Illness Insurance

Contact us today for more information about critical illness insurance for business owners!

If you want to learn more about how you can protect your business assets should you be diagnosed with a critical illness, contact Desjardins Financial Security Independent Network today. Get a FREE quote online or call (416) 695-1433.

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