In today’s digital age, cyber threats have become a part of everyday life. Cybersecurity is one of the largest threats to businesses today. These threats aren’t just limited to large corporations or tech giants; every industry is vulnerable.

With the rapid evolution of technologies like artificial intelligence and the advancement of phishing and ransomware tactics, the risk of falling victim to a cyberattack grows every day. The consequences of a single breach can be devastating. Beyond exposing sensitive customer and company data, an attack can completely shut down operations, erode customer trust, and result in recuperation costs that can be debilitating.

How Life Insurance Led to a Smooth Transition

For many business owners, purchasing or expanding a company often involves securing financing through a loan. In this situation, the new owners needed a life
insurance policy before their loan could be finalized. Without the policy, the purchase could not move forward.

Our team stepped in to support the process. We worked closely with underwriters and carriers to find the right coverage and helped the new owners navigate what can
often be a complex and time-consuming requirement. While there were some challenges along the way, we were able to move quickly and ensure that everything was in place
so the purchase could close on schedule.

Coverage Tailored for Business Owners

Every client’s needs are different. For business owners, life insurance is often tied to loans or succession planning, which may mean that a short-term policy is
the best option. For individuals, longer-term or permanent coverage can provide greater peace of mind. Our role is to listen carefully and match the right policies
to each client’s unique situation, whether they are securing a loan, protecting their family, or planning for the future.

Looking Forward with Confidence

With coverage secured, the new owners of Bridgewater Foods can focus on what matters most: running their business and serving the community. The end result is a
reassurance that both their business and families have peace of mind and the confidence to move forward.

At LD&B, we hope for the best while helping our clients prepare for the unexpected. That commitment is at the core of who we are. By handling the details, we give our clients the freedom to focus on their goals and the future they are building.

Learn more about finding the right coverage for you or your business at https://www.ldbinsurance.com/personal-insurance/life-insurance