Business insurance

If you own a business, there are many reasons to buy insurance. I can work with you to identify possible insurance needs including:

• Funding a future capital gains tax on the shares of the corporation at death of the owner
• Funding a buy-sell agreement at the death of one of the co-owners of the business
• Key person coverage, for companies that rely largely on one or more key people, to provide life and disability insurance and to give the company time to recover and replace the key player(s)
• Long-term debt retirement coverage in the event of an owner’s or key person’s death
• Business overhead insurance, ensuring overhead costs are paid while an owner recuperates from a disability or critical illness

You may also want to consider buying business insurance to build a pool of tax-exempt capital to:

• Finance a living buyout of shares by a co-owner
• Provide a supplemental retirement income to the business owner