Your Business
(and Your Family)
From Life’s Uncertainties

Ensure Business Continuity with Life & Disability Insurance Solutions

The death or disability of a business owner or key employee can have a significant adverse effect on the financial wellbeing or survival of a firm. Although we cannot replace these individuals’ critical roles, there are insurance products that will provide funds to assist a business at a critical time such as this. Coverages include:

Corporate Life and Disability Buyout Insurance

This coverage allows the business to continue remuneration for key executives and to buy out shareholders in the event that death, illness or injury precludes those executives from performing their usual business duties.

Key Person Life and Disability Insurance

These policies cover an executive whose premature death or disability would have an adverse financial impact on the business. The policy provides funding to replace lost profits and overhead; recruit and train a suitable replacement; assure customers, vendors and employees of business continuity; and meet obligations to the deceased’s spouse or family regarding salary continuation or deferred compensation.

Business Overhead Expense Insurance 

This coverage provides a business with ongoing expense monies during a principal’s temporary disability. The goal is to facilitate continuity of the business by covering ongoing expenses, such as employee salaries, employment tax and benefit costs, rental payments on equipment and property, and the principal and interest on mortgaged business property. The policy can also cover the company’s utility payments, property taxes, legal and accounting fees, general office supplies and business insurance expenses.In addition, it can cover the cost of replacing the key person for a period of up to two years.

Owens Group can assist with this discussion and provide solutions for your specific needs.

Please contact us for a complimentary consultation and assessment.


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