Do You Need Business Credit Protection?
You run a small business. So, we don’t have to tell you how hard it can be to build something from nothing — you already know! Building a business is impressive, regardless of what product you make or service you offer.
What you may not know is that there’s something called business credit protection insurance that, well, does what it says: it can help protect you and your business credit.
So, what does that even mean?
You know all that invaluable “sweat equity” you put into growing your small business? Imagine, in the blink of an eye, you’re rendered unable to meet your financial obligations due to a covered health event.
Not. Good. At. All.
Yes, it’s easy to downplay the likelihood of it ever happening to you, but with TD Business Credit Protection, you could get coverage for certain kinds of critical illness (like a stroke or life-threatening cancer), total disability, accidental dismemberment (like loss of limb or paralysis) or, worst of the worst cases, if you pass away before your time.
That’s the stuff nobody wants to think about. And we don’t blame you.
That’s why optional Business Credit Protection is important to consider as part of your comprehensive business plan. By preparing for the “what-ifs”, you can focus on what’s next to help grow your business.
We offer insurance solutions that could help meet your needs, including TD Business Credit Life Insurance1 which can pay up to $1,000,000 per insured person in the event of death or a covered accidental dismemberment.
With TD Business Credit Living Benefit Insurance,1 critical illness coverage can pay up to $1,000,000, with a maximum of $500,000 towards Revolving Credit Products2,in the event of an acute heart attack, life threatening cancer, or stroke. Disability coverage can pay up to $3,000 per month up to 24 months in the event of a covered total disability.
In the unfortunate event any of these things should happen to you, your insured outstanding balances on TD business-based credit (like your business credit card balance or the balance of a business loan) and any owed interest could be reduced or paid off.
You can’t predict the unexpected, but you can help protect your business debt and financial well-being. And we’re ready to help.
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