Within a closely held corporation, shareholders are often concerned about what might occur if one of the owners dies. Will the deceased shareholder’s family retain
Business owners make lots of common mistakes when buying key man insurance, but usually only because they missed a simple little item throughout the extensive
Key employee insurance is usually purchased on one or more key people in a business to protect the business from the economic loss associated with
Intelligently planned business buy/sell agreements cover the contingencies of voluntary withdrawal, death or the disablement of a business owner. In the case of voluntary withdrawal,
Many business owners recognize the threat of losing a key person and ultimately protect their businesses with key man insurance. But more often than not,
Whether you have been in business for several years or if you are looking for capital investment to fund a start-up, the advantages to having a strong business plan cannot be understated. One of the most often overlooked Risk Management Strategies is key man insurance. Every good business has a few “key” people that are essential to the successful operations and ultimate profitability of the company. Proper business planning dictates that these key executives and employees, the ones driving the revenue for the business, should be protected. When you stop to think about aren’t your key people your real assets in your company? It is only prudent to protect these key assets.
