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Management Succession and Risk Management Strategies in the Family Business. Major Types of Insurance. Start with a basic business owner’s policy (BOP); then, consider adding health insurance and workers’ compensation: Traditional indemnity plans Managed care plans HMOs PPOs
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Management Succession and Risk Management Strategies in the Family Business
Major Types of Insurance • Start with a basic business owner’s policy (BOP); then, consider adding health insurance and workers’ compensation: • Traditional indemnity plans • Managed care plans • HMOs • PPOs • Medical Savings Accounts (MSAs) • Self-insurance • Workers’ Compensation