Executive Voluntary Benefits
Executive voluntary benefits are a responsible business decision for company leaders and business owners. If something happens to you, what will happen to your business? In addition to our individual voluntary insurance products and group voluntary insurance products, The MWE Partnership is pleased to offer executive voluntary benefits. Key talent can mean the difference between your business remaining open and growing, even in periods of adversity or hardship, and your business needing to shutter. In the interest of protecting you and your customers, executive voluntary benefits are a critical offering.
Business Overhead Expense Insurance
Business overhead expense insurance is another type of disability insurance offered by The MWE Partnership, in addition to our individual and group offerings. This type of executive voluntary benefit insurance protects your business in the event of a tragedy. If you are disabled, this insurance will provide monthly payments to your business to cover routine and expected expenses and keep the doors open. If you have customers and employees that rely on the services and products you provide, business overhead expense insurance is necessary to ensure things keep moving in the event that you are out of commission for a period of time. Business overhead expense insurance is designed to supplement your personal short-term disability and long-term disability insurance policies by covering the business end of the expenses, while your individual policies will cover your personal expenses.
Business overhead expense insurance can cover:
- Lease, mortgage, or rent payments
- Loan and mortgage interest accrued
- Utility bills
- Laundry, maintenance, or commercial cleaning service fees
- Accounting and legal fees
- Trade dues or subscriptions
- Employee salary and benefit costs
- Depreciation of equipment
- Insurance premiums
- And more, depending on your policy.
Key Person Life Insurance
Key person life insurance can be used to protect key executives at your business, including the owners and managers. Whenever a death or accident occurs, replacing key business people can take a great deal of money and time. Key person life insurance provides your business with a benefit to help offset direct financial losses as a result and ensure that the transition to new leadership or ownership will be more seamless.
Additional Individual Voluntary Insurance Products
To round out your executive benefits package and offer even more protection to your executives and your business as a whole, you can select from our wide range of individual insurance products including:
- Short-term disability insurance
- Long-term disability insurance
- Accident insurance
- Critical illness insurance
- Hospital confinement insurance
- Life insurance (whole, term, and universal)
- Cancer insurance
- Specified disease insurance
- Vision insurance
- Dental insurance
- Long-term care insurance
- Pet insurance
- Legal insurance
- Identity theft protection insurance
Executive Voluntary Benefits from The MWE Partnership
The MWE Partnership is a dynamic, experienced voluntary benefit agency with comprehensive insurance solutions to meet the needs of your business. We want to help you attract and retain quality employees with robust supplementary insurance and voluntary insurance. We work with businesses as a national insurance broker and also work locally in Baltimore, Washington, D.C., Annapolis, and Columbia. To build our partnership today and learn more about our consultative solutions, please contact us.