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What is Business Protection?

Business protection is a type of insurance that helps protect a business and its owners from the financial consequences of unexpected events, such as the death or serious illness of a key employee or business partner. Business protection can also help cover the costs of legal disputes, property damage, or other unexpected events that could impact a business's financial stability.

There are several types of business protection policies, including key man insurance, shareholder protection insurance, and business loan protection. Each type of policy is designed to address specific risks that a business may face.

If you own a business, it's important to consider the potential risks and to take steps to protect your business and its assets. Working with a qualified insurance agent or financial advisor can help you determine which type of business protection policy is best suited for your needs.

If you're interested in learning more about business protection, contact Affinity Legacy Planning for help or to discuss your options.

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Disclaimer: The information provided in these FAQ pages is correct to the best of our knowledge, but may contain errors. We cannot be held liable for any misunderstanding or errors that may arise from the use of this information. We recommend that you seek professional advice before making any decisions based on the information provided here.