Key Employee Insurance

Businesses and professional teams often rely on key individuals who are critical to the overall success and profitability of the business or team. Injury, disability, or the unexpected death of one of these key individuals can be financially detrimental for the employer. Key employee insurance offers businesses and professional teams a hedge against the economic loss caused by death, disability, or injury. We have successfully placed key person policies for the most successful global companies, banks, and professional sports teams, to help them insulate against the loss of any key person.

 

Buy-Sell Agreements*

When a business owner dies, problems arise for the owner's heirs and the business regarding disposition of the owner's business interest. Buy-sell agreements can ease the uncertainty over the sale and purchase of the business interest by providing that one of the partners will purchase the interest at an agreed-upon price.

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Cross-Purchase Buy-Sell Agreements*

Cross-purchase buy-sell agreements protect businesses when a business co-owner dies by requiring the deceased owner's estate to sell the business interest to the surviving owners at a predetermined price and the surviving owners to buy the interest at that price. These agreements enable the business to continue to run smoothly.