Jennifer and Ellen are partners, operating a physical therapy business, specializing in the care of children. Their practice enjoys a great location and is looked upon favorably by the local school board who makes continuous referrals.
The business is growing and the partners are beginning to realize their dreams.
Without warning, Jennifer is stricken ill. After several consultations, her physician advises her that she will not be able to continue to fulfill her occupation until she has undergone treatment. Her physician estimates that the treatment and recovery will last at least 18 months.
Issues
Will the business survive?
Will the local school board continue to refer children to the practice?
How will Jennifer earn income if she is unable to work?
How will the business generate enough funds to pay for normal monthly expenses such as, rent, utilities, etc.?
There is a happy ending to this story. The partners had discussed and planned for such an event. Realizing that this risk could devastate their business, they had their business purchase BUSINESS OVERHEAD EXPENSE COVERAGE.
As a small business owner, the continuation of your business is dependent on your ability to fulfill your occupational duties. Visit my website: for your FREE initial consultation today!!
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