Back to Business Policies
Protect Your Business From the Loss of a Key Leader
Every business has individuals whose knowledge, relationships, or expertise are critical to success. Key Person Insurance provides financial stability if an owner, executive, or other essential team member passes away. It helps cover lost revenue, repay debts, reassure investors, and fund leadership transitions. Advisors guides you in sizing the right amount and structuring policies so your business can move forward confidently, even through the unexpected.
Why Businesses Choose Key Person Coverage
The sudden loss of a founder, top salesperson, or partner can disrupt operations overnight. Key Person Insurance helps ensure business continuity by covering lost profits, hiring costs for replacements, or securing loans and investor confidence. Advisors takes the time to understand your structure, risks, and financial goals so coverage fits seamlessly into your broader strategy.
Mandatory Coverages
The core coverages needed to keep your business protected when you need it most.
Death benefit payable to the business in the event of the insured’s death.
Funds to cover lost revenue, debt obligations, or replacement costs.
Optional Coverages
Additional elements of coverage policies that help ensure coverage is complete.
Disability rider to protect income if a key person becomes unable to work.
Buy-sell agreement funding between partners or shareholders.
You’ve got questions, we’ve got answers. For any additional questions you may have beyond these, schedule a chat with our team.
Any individual whose loss would cause significant financial or operational strain on the business—owners, executives, or specialists.
Yes. Many lenders and investors require it to protect their interests in the event of a leadership loss.
Coverage varies greatly based on the person’s unique contribution to revenue, profit, or business continuity.
Insurance Pro Tips
Explore our expert advice on insurance and risk management.
Are you Underinsured?
Do you have enough insurance protection for your home if there were a natural disaster? What about insurance to protect the contents of your home? Find out if you're underinsured.
Fireworks Safety
For most of us, the Fourth of July is a time to enjoy the company of family and friends, having fun and creating memories – whether at home or away. But for some families, the holiday is a nightmare. Homes are damaged, and sometimes destroyed, by wayward fireworks. Thousands of people are injured in
Insurance Terms, Explained!
Insurance can be very confusing. If you're wondering about certain insurance terms like GAP or claims or deductible, you've found the right resource.
