Owners and partners in business must safeguard their interest against a catastrophic event. A key element of executive coverage is business continuation insurance, which provides a pre-determined framework for payout and succession in the event that a key person dies or is disabled. It prevents the surviving partners from being forced to accept the deceased’s beneficiaries as a new ongoing business partner, as well as mitigating the chance of expensive & contentious litigation over the value of the business.
Key man insurance (also known as key person or key employee insurance) is a life or disability insurance policy that a business buys to protect the life and ability of employees whose contribution to the company is essential. If these key employees, such as top salespeople, executives or business owners, were to die or become disabled, their contribution to the company would disappear, and the business would suffer a large, possibly fatal, economic loss.
Owners and partners in business must safeguard their interest against a catastrophic event. A buy-sell agreement provides a pre-determined framework for payout and succession in the event that a key person dies or is disabled. Most significantly, it prevents the surviving partners from being forced to accept the deceased’s beneficiaries as a new ongoing business partner, as well as mitigating the chance of expensive & contentious litigation over the value of the business.
Long-term care insurance is a way for you to receive whatever care you need if you are ill or disabled for a long period of time. Long-term care insurance protects your assets against the high costs of care at a nursing home or assisted-living facility, or help from a home health worker.
Kidnapping and Ransom insurance policies provide coverage in the event of a kidnapping. The policy typically includes coverage for monies paid to kidnappers or extortionists, loss of ransom in transit, and other expenses incurred as a result of a kidnapping.
What Our Clients Say:
I have worked with David as the COO and founder of a number of technology companies in California and always appreciated him bringing the best available insurance options to the table to be discussed but much more importantly, for me as COO and for my employees, he took the time to listen and understand our business plans and priorities and fit his programs to our objectives. As we grew and changed he was always there to take us to the next level balancing our companies need to have competitive benefits with the budget realities we operated under as startups. I always considered David a key member of my COO team , along with our financing and banking partners, our lawyers and accountants.
I recommend him and his firm without reservation and would be pleased to talk to anyone about our experiences.
Chief Financial Officer
PNL Insurance have done a great job for us in securing insurance for our film & television productions. Moving fast is important for us, and they’ve been able to get price quotes in a hurry. They also know how to structure the right coverage and have been diligent when we’ve had claims.
Black Box Television, LLC