Business PlanningBusiness Protection: Insure What You've Built
Key person insurance, buy-sell agreements, and liability coverage — the policies most business owners don't have until they need them.
Talk to a ProfessionalMost business owners spend years building something valuable and then leave it entirely unprotected. The loss of a key person, a dispute between partners, or an uninsured liability can destroy a business that took decades to build.
Business protection planning starts with identifying the risks that are most likely to materially harm your business — and structuring coverage to address them before they happen. The solutions exist; most owners just haven't been walked through them clearly.
The Blueprint covers key person life insurance, disability income insurance for business owners, buy-sell agreements funded with life insurance, and the general liability and professional liability coverages every business needs.
What you need to know
Key person insurance
If a key owner or employee died or became disabled, could the business survive? Key person insurance pays the business — not an individual — and can fund the transition, debt repayment, or recruitment of a replacement.
Buy-sell agreements
A buy-sell agreement is a legal contract that dictates what happens to ownership when a partner dies, becomes disabled, or wants to exit. Funded with life and disability insurance, it ensures continuity without financial crisis.
Business owner disability insurance
Disability is far more common than death during working years, yet most business owners have no coverage. Business owner disability policies can cover both your personal income and your business overhead during a disability.
Liability coverage
General liability, professional liability (errors and omissions), and commercial umbrella policies protect against claims that could otherwise bankrupt the business. The specific coverages you need depend on your industry and structure.
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