In business, it takes vision, preparation, skills, and desire — not to mention a focused dedication to achieving your goals. If you are like most business owners, you have worked hard and made many sacrifices to grow your business. That is why you should put just as much energy into protecting it as you did building it.
Develop Your Business Continuity Plan
MassMutual has provided this guide to help you plan for the unexpected, and expected, life-changes that impact your small business. Written in both English and Spanish this resource walks you through the top five aspects of building a strong business continuity plan:
- Buy-Sell Agreement
- Key Person Insurance
- Business Overhead Expense
- Qualified Sick Pay Plan
- Cash Reserve
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities.
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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.