You started your company, worked hard to make it grow, employed people, built buildings and relationships, and supported your family with
the fruits of your labor. Have you planned for the risks that can take it all away? The death and/or disability of a partner, top salesman or yourself can have a devastating impact on
your family, employees and company. How can you protect your self and loved ones? How will your company survive you?
We can answer and solve these complex issues of business
continuation. Our fundamental risk management approach can determine if a risk exists. We then analyze the risks, it's, financial impact and determine a cost effective solution. The
following are some of the fully insured products covering business continuation risk:
Key Man Life and Disability
- Providing necessary funds to your company should a key income source/producer die or become disabled.
Buy Sell Agreements
- Providing funds and a formalized method of stock buy out of a partner or their family in the event of death or disability of a share holder.
Business Overhead Expense
- Covering business overhead expenses in the event a key producer becomes disabled.
Split and Reverse Split Dollar Plans
- Providing permanent life insurance for executives and share holders and the cash accumulations to fund premiums and/or buy-out of the plan by a departing partner.
There are as many
variables in business continuation solutions as there are in corporate forms, types of industry and sizes of companies. We welcome your call and inquiries on this important issue.
