Some of the most utilized coverage options for this class include:
Personal Income Protection
Protects the covered individuals' income that would be lost if they were unable to work due to an injury/illness. PFS can offer monthly benefits to each individual ranging from $5,000 to more than $250,000. It pays monthly benefits for up to 60 months after satisfying one of the available elimination periods we offer.
Business Overhead Coverage
Protects small companies, medical practices or group of professionals who need to be healthy and working in order to cover the monthly costs of doing business should they become disabled.
Buy/Sell Agreements
Protection in the event one owner of the practice suffers a career-ending disability by providing the remaining owners the capital to buy-out the disabled partner.
Company Revenue Protection
Protects revenue from deteriorating when a company / practice loses a contributing member until that person returns or is replaced.
“Key Person” Insurance
Protection will pay the company / practice a revenue stream equal to the amount of revenue a key employee produces for the company should they become disabled.
Contractual Obligation
Protects a company / practice against the loss of an employee who has guaranteed financial compensation, whether physically able to work or not.
Loan Indemnification
Protects money loaned from a financial institution in the event key persons become disabled, impacting the business performance and therefore not allowing the business to make its payments.
Kidnap & Ransom
Protects individuals within a medical practice / group that are operating in high-risk areas around the world. Benefits provided may include: ransom monies, accidental death or dismemberment, medical care, wage replacement, transit/delivery, etc.
Other
If you don't see what you're looking for, or are unsure of any of the coverage options above, please contact us and we'll be happy to help you find the right solution!