In short, yes! If you’re the owner or a partner in your business, you can often name it as your beneficiary. However, it’s important to chat with your accountant to make sure this is the best strategy for you and your company.
For instance, if you’re insuring multiple business partners, the business itself should be the owner, payor, and beneficiary for each policy. This helps keep things clear and makes sure the payout goes to the right place.
Have questions? Don’t worry, our experienced team knows the ins and outs of business insurance. Let’s talk about the options and make sure your business is protected.