Helping you mitigate the risks of business health
Business insurance helps your company mitigate and protect against the risk of situations that might devastate even the most well-run companies.
Every business has at least one key person upon whose contribution the success of the business depends. A sudden death, unexpected disability, or departure of a key contributor or business performer could all present a serious blow to the business.
Our experienced consultants review your current policies, ensuring the coverage meets your needs, and is properly structured, to ensure proceeds pay out to the corporation “tax free."
Proceeds can be used to pay off debts, provide working capital, and absorb business losses.
Keyperson insurance offers ideal protection and business coverage for a range of potential losses:
Loss of confidence by creditors
Loss of credit and orders, or production
Loss of competitive position
The business itself may suffer or be destroyed
Corporate structure changes also increase risk, offering an opportunity to implement corporate insurance, offering crucial business protection:
Cover the debts of the insured business partner, to maintain the company's reputation and credit stability
Cover lost revenue of top sales contributors
Cover financial gaps when recruiting for key performers, or executive replacements
Personal Life insurance and keyman insurance often provide better coverage and more competitive terms than would be available through financial institutions. We are happy to review your existing policies and provide insights and observations.