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Business strategies, for owners

A business is a financial strategy of its own. These are the tools owners use to keep it running if something happens to a key person, a partner, or the owner.

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Key person insurance

Some people are worth more to a business than a salary line shows: a founder, a top salesperson, a specialist nobody else can replace quickly. Key person coverage gives the business cash to cover the loss, hire a replacement, or reassure lenders and partners.

Buy-sell agreements

When a business has more than one owner, a buy-sell agreement, funded by insurance, sets out in advance who buys a departing owner's share, at what terms, and with what money. It turns a messy argument into a plan already agreed.

Executive bonus plans

A business can use a policy to reward a key employee directly, as a bonus that funds personal protection and growth for them, without the complexity of a formal retirement plan.

Business overhead expense coverage

If an owner can't work for a while, fixed costs, rent, payroll, loan payments, don't pause. This coverage is built to keep those bills paid so the business is still there when the owner is back.

Topic advisor: Business Insurance

Your AI planner can walk through key person, buy-sell, executive bonus and business overhead coverage for your own business, in plain words.

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