This is a major cause of small business failure that often is not considered as a risk. Let's first deal with disability. Unless you are 60 or older, you are far more likely to file a claim on a disability insurance policy than you are on a life insurance policy. As for the death of a small business owner, many simply can't survive the loss since the owner and the business often are one and the same. However, adequate life insurance is still critical, as it protects your family from financial hardship in the event of your death.
Many businesses fail as a result of a major expansion.
Owner burnout is a common result. Managing ten or more people becomes a drudgery. There are two suggestions here. First, count the cost of commitment before you expand. A larger business may require a major commitment of time and resources on the part of the owner.