What is executive protection for a business?
Executive protection covers the people your business cannot afford to lose: key-person life insurance, executive disability coverage, and funding for buy-sell agreements. For an employer, it is business continuity planning: making sure the company survives the loss of a founder, partner, or key executive.
Who it is for
Business owners, partners, and leadership teams, especially in closely held companies where so much value sits with a few individuals. If losing one or two people would threaten the business, this planning belongs on your agenda.
What is included
- Key-person life insurance: coverage the business owns on critical individuals, to absorb the financial shock of losing them.
- Executive disability coverage: supplemental individual disability for high earners whose income exceeds group plan maximums.
- Buy-sell funding: life and disability insurance structured to fund ownership transitions, coordinated with your attorney’s agreement.
- Executive bonus structures: approaches for providing additional protection or benefits to select leaders.
- Coordination with your advisors: we work alongside your attorney and CPA, since entity structure and tax implications sit in their lane.
How we work
We begin with a straightforward conversation about who is truly irreplaceable in your business and what would happen without them. Then we design coverage to match. The right amounts, the right ownership structures, and the right funding for your buy-sell agreement. Your attorney and CPA stay involved throughout, because this planning only works when everyone is working from the same plan.
Frequently asked questions
What is key-person life insurance?
Key-person life insurance is coverage a business owns on the life of someone critical to its success: a founder, partner, or top executive. If that person passes away, the benefit helps the company absorb the financial shock: replacing talent, reassuring lenders, and keeping operations steady.
How does buy-sell funding work?
A buy-sell agreement spells out what happens to an owner’s share if they die, become disabled, or leave. Funding it with life or disability insurance means the money is there when it is needed, instead of forcing a fire sale or burdening the surviving owners. We coordinate closely with your attorney on structure.
Is executive protection only for large companies?
Not at all. Small and mid-size businesses are often more vulnerable to losing a key person, because so much knowledge and relationships sit with a few people. If your business would struggle without one or two individuals, this planning deserves a conversation.
Do you coordinate with our attorney and CPA?
Yes, and we insist on it for this kind of planning. Buy-sell agreements, entity structures, and tax implications all sit in their lane, not ours. We bring the insurance and benefits expertise, they handle the legal and tax side, and everyone works from the same plan.
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