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Staying in Business Overview

Keep your business going if the unexpected happens.

Business continuation planning ensures that your business will continue if the unexpected happens. Incidents like loss of a partner, divorce, death or disability can quickly ruin your future business plans. Consider the following:

  • 3 out of every 10 Americans in the workforce will become disabled before they retire1.
  • Accident or illness will force 1 in 5 employees to miss work for at least a year before they turn 652.
  • 70% of small businesses do not survive being passed to a second generation of ownership3.
  • Only 32% of business owners have business continuation plans in place4.

Business Continuation Planning Starts With a Buy-Sell Agreement

The key to a sound business continuation plan is a buy-sell agreement. Think of it as a formal exit strategy that ensures the smooth transition of your business.

Contact a Penn Mutual Financial Advisor who can help you determine your needs and choose the right solutions for your business. All information will remain strictly confidential.

1 Source: Social Security Administration, 2007
2 Source: Life and Health Insurance Foundation for Education, 2005
3 Source: "Don't Let a Weak Succession Plan Become a Wealth Destroyer." National Underwriter, 2007
4 Source: LIMRA, Affluent Small Business Owners, 2009

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