If a key person were gone, what would need to keep working?
Business Owners
A business depends on people.
A business depends on people, income, responsibilities and continuity. The conversation starts by identifying what would happen if an owner or a key person were gone or became disabled, or if the company needed to sustain benefits for its team.
- Key Person
- Buy-sell funded with life insurance
- Employee benefits
How we review it
From the business to the protection.
First the people your business depends on. Then, the insurance needs that exist.
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A business depends on people, income and continuity.
Tell us
Who keeps your business going.
We review your business's structure and the people it depends on:
- Owners and partners
- Key people
- Your team and their benefits
- Obligations that must continue
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Insurance does not guarantee continuity; it can provide resources when they are most needed.
Identify
What would happen if someone were gone.
We review what would happen if an owner or a key person were gone or became disabled, and which insurance needs may exist.
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Death of an owner
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Disability
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A partner's exit
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Continuity
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Your attorney drafts the buy-sell agreement; we handle the insurance component.
Options
The solutions we can present.
Only products that are actually available, and in line with each insurer:
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Life insurance for the owner
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Key Person
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Buy-sell funded with life insurance
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Income protection for the owner
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Employee benefits
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Your business changes; the protection should be reviewed too.
Coordinate and review
With your advisors, and with clear information.
We coordinate with your attorney and your accountant when needed. Issue depends on eligibility and underwriting, and we review the coverage when the business changes.
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Your attorney
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Your accountant
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Reviews when the business changes
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Employee Benefits
Benefits for your team.
Group benefit options within the lines, states and insurers Bermeo Insurance is authorized for.
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Group health
Health coverage for your team
Group medical coverage options, subject to group eligibility, the state and insurer availability.
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Before quoting
What we review
- Number of employees and state
- How much the company would contribute
- The networks and doctors your team uses
- Start and renewal dates
Business Owners
What would happen to your business if a key person were gone?
Let's start there and review which insurance needs exist for you, your partners and your team.
A business depends on people.
The information on this page is general and educational. Bermeo Insurance handles the insurance component: buy-sell agreements, legal structure and tax treatment should be reviewed with the business's attorney and accountant. Coverage is subject to eligibility, underwriting and availability by state and insurer.