Business Customers Need Insurance

Banks are a natural source for small business insurance, and small business customers need insurance.  On average, a small business pays $6,300 in insurance premiums each year, but many remain underinsured, even uninsured.
    

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Banks can offer their small business customers group health insurance, group life and disability income protection, split dollar programs, key person insurance, funding for buy-sell agreements, retirement plans, and nonqualified deferred compensation plans. In doing so, banks not only enhance their core banking business, but they also increase their top-line revenue and bottom-line profits.

          

 

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