You recognize the importance of using credit in building your business. Much of your company's success depends on meeting its financial obligations and reducing risks wherever possible. So what if something should happen to you or one of your partners and your company isn't able to make payments on outstanding loans?

Business loan insurance^† can help manage the unexpected – the loss of a co-owner or partner due to death or if you or a partner becomes seriously ill or injured.

When business isn't as usual, your loan payments will be.

Business loan insurance can help you manage your debt and minimize potential cash flow problems, while still continuing to provide for your family and employees. It also helps preserve your personal savings and life/disability insurance, and keep business investments and other assets intact.

For most of us, the risk of premature death is the last thing on our minds. But if you died suddenly and left behind an uninsured loan, your family, beneficiaries, or business partners would face the additional business financial burden of repaying that loan. Resources you put aside for other purposes may have to be used for loan payments. Business loan or line-of-credit life insurance could pay off your debt in the event of your death.

Even a few months without you or another key person's contributions to your business can drain company resources and prevent the business from meeting your financial obligations to service any outstanding debts. Disability insurance on your business loan could cover your payments if you or a key person are disabled.

Something else to examine is the possibility that your premiums, or a portion of them, may be tax deductible. You'll want to consult a tax accounting expert for details.