Insurance Solutions for Businesses

Your business is built on key people, agreements, and continuity. Whether you need to protect against the loss of a key employee, fund a partnership transition, or keep the lights on during a disability, we have targeted solutions for every business scenario.

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40%

Of small businesses never reopen after a major unexpected loss

$1M+

Average annual revenue impact from losing a key employee

1 in 4

Business owners will experience a disability before retirement

Life Insurance for Business

Protect Your Business, Partners & Talent

Life insurance isn't just for individuals. When structured correctly, it becomes a powerful tool for business continuity, retention, and succession planning.

Key Man Insurance

When a key executive or owner dies unexpectedly, the business can face serious financial disruption — lost revenue, recruiting costs, and uncertainty for clients and creditors. Key man insurance provides the company with a tax-free death benefit to weather the transition and keep the business running.

Protects the business from the financial loss of a critical employee
Proceeds can fund recruiting and training a replacement
Provides liquidity to satisfy creditors and reassure lenders
Policy is owned and paid for by the company

Non-Qualified Deferred Compensation (NQDC)

Attract and retain top executives by offering a supplemental retirement benefit funded with life insurance. NQDC plans allow businesses to defer compensation for key employees in a tax-advantaged way, rewarding loyalty and performance.

Reward and retain high-value executives
No IRS contribution limits like qualified plans
Business controls vesting schedule and payout terms
Cash value inside the policy grows tax-deferred

Buy/Sell Agreement Funding

A buy/sell agreement ensures a smooth ownership transition when a business partner dies. Life insurance provides the surviving owners with the funds to purchase the deceased partner's share at a pre-agreed price — protecting the business and the partner's family.

Guarantees a fair price for all parties
Prevents outside heirs from inheriting business interests
Provides the deceased partner's family with immediate liquidity
Avoids forced asset sales or bank financing under duress

Disability Insurance for Business

Keep the Business Running If You Can't

A disability doesn't just threaten your personal income — it can threaten the entire business. These policies address two critical vulnerabilities every business owner should plan for.

Disability Buy/Sell Buyout Policy

What happens if a business partner becomes too disabled to work? Without a plan, the business can be paralyzed — the healthy partner does all the work while the disabled partner still holds equity. A disability buy/sell policy funds the buyout of a disabled partner's interest, letting the business move forward.

Funds the buyout when a partner is permanently disabled
Eliminates tension between active and disabled co-owners
Benefit amount matches the agreed business valuation
Disability definition typically requires 12–24 months of disability

Business Overhead Expense (BOE) Insurance

If you're a business owner or self-employed professional, your disability doesn't just affect your personal income — it affects the entire operation. BOE insurance reimburses your fixed business expenses (rent, utilities, staff salaries) while you recover, so you don't return to a business in ruins.

Covers rent, utilities, employee salaries, and loan payments
Benefit period typically 12–24 months while you recover
Premiums are generally tax-deductible as a business expense
Keeps the business viable so you have something to return to

A Coordinated Business Insurance Plan

These products don't work in isolation. A well-structured business protection plan combines multiple solutions to address every major risk:

Key man coverage if a vital person dies or becomes disabled
A funded buy/sell agreement so ownership transitions smoothly
BOE coverage so fixed costs don't sink the business during a recovery
An NQDC plan to lock in your best talent long-term

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Frequently asked questions

Coverage amounts are typically based on the key person's contribution to revenue, the cost of recruiting and training a replacement, and any outstanding business loans tied to that individual. A common rule of thumb is 5–10× the key person's annual compensation, but we'll work through the right number for your specific situation.

Yes. NQDC plans are flexible and can be structured for businesses of any size. They're especially useful when owners want to reward a select group of executives without extending benefits to all employees, which qualified plans require.

The two most common structures are a cross-purchase agreement (each partner buys a policy on the other) and an entity-purchase or stock redemption plan (the business owns policies on each partner). We'll help you determine which structure makes the most sense given your number of partners and tax situation.

Most BOE policies have a benefit period of 12 to 24 months. This is designed to cover the recovery period for most illnesses or injuries, giving you time to either return to work or arrange a transition for the business.

It depends on the product. BOE premiums are generally tax-deductible. Key man life insurance premiums typically are not deductible, but the death benefit is usually received tax-free. NQDC plans have their own tax treatment at payout. We recommend working with your CPA alongside your insurance strategy.

Ready to Protect What You've Built?

Every business is different. Schedule a no-obligation consultation and we'll help you identify the gaps and design coverage that makes sense for your business, your partners, and your goals.