Understanding Your Position
More than 54% of all Canadian businesses operate with 4 or less employees, and as a result, small business entrepreneurs are becoming a key part of the Canadian economy. the growth of household income sourced from self-employment is tremendous, but with the growth of self-employed income, grows the amount of people that aren’t protected by common benefits found in larger corporations.
While working for an employer, employment is usually supplemented with group benefits. That means as an employee you’re entitled to benefits such as life insurance, disability insurance, dental coverage, drug coverage, and a variety of other benefits.
However, as an entrepreneur benefits and coverage isn’t automatically handed to you, you need to go out of your way to ensure you’re covered.
If you’re a small or single person business, the 2 things you should be thinking about are...
How dependent are you and your family on your business income?
If something were to happen to you, what kind of debt would you be leaving behind to your family?
Simply put, are your protecting yourself and your family with the right insurance coverage?
To see what type of insurance fits your business and family needs, message, email, or call us for a free consultation.