Loss of an Owner
Leadership, revenue and decision-making may be concentrated in one person.
Business Owner Protection
Protect the Business You Worked to Build
A business may depend heavily on one owner, one partner or a small group of essential people. Insurance-based protection can help prepare for death, serious illness and unexpected transition.
Request a Business Protection ReviewIdentify the Exposure
Common Risks That Can Disrupt a Business
The goal is not to buy a product first. The goal is to identify what would happen to the company, the family and the people who rely on the business.
Loss of a Key Person
A critical employee or producer may be difficult and expensive to replace.
Debt and Operations
Loans, payroll, leases and operating obligations may continue after a loss.
Ownership Transition
Partners and family members may need liquidity and a clear transition process.
Insurance-Based Strategies
Protection Should Match the Business Structure
Coverage should be evaluated in the context of ownership, debt, revenue concentration and succession plans.
Key-person life insurance
May provide business liquidity after the loss of an essential owner or employee.
Buy-sell funding considerations
Insurance may help fund obligations established in a properly drafted buy-sell agreement.
Business loan protection
Coverage may help address certain debts or guarantees if an insured owner dies.
Owner and family protection
Separate personal protection may help preserve household income and family stability.
Who This Is For
Practical Protection for Closely Held Businesses
Sole proprietors
Owners whose business and household income depend heavily on their ability to work.
Partnerships and family companies
Businesses that need clarity around ownership, liquidity and succession.
Professional and service firms
Companies where key relationships, licenses or production are concentrated in a few people.
Professional Coordination
Insurance Is One Part of Business Continuity
Business protection often involves several professionals. Lee H. Moultrie & Associates can help identify insurance-related needs and coordinate discussions with the owner’s attorney, accountant or other qualified adviser when appropriate.
Clear role, clear boundaries
Lee H. Moultrie & Associates does not prepare legal agreements, provide tax opinions or manage investments through this website. Legal documents and tax decisions should be handled by appropriately qualified professionals.
The Review Process
Start With the Business, Not the Product
1. Identify dependency
Determine which owners, employees, debts and relationships are essential to continuity.
2. Estimate the impact
Consider replacement costs, debt, revenue disruption, transition funding and family needs.
3. Evaluate options
Review available insurance solutions, ownership structure, underwriting and policy limitations.
Do Not Leave Business Continuity to Chance
Request a focused review of the people, obligations and transition risks that matter most to your company.
Request a Business Protection ReviewInsurance products are subject to eligibility, underwriting, policy terms, exclusions, limitations and carrier availability. This page is for general educational purposes and is not legal, tax or investment advice.