We develop solutions to reduce the financial impact of many of these risks and liabilities. The disability or death of a key executive or owner can have devastating financial consequences for a company.
Insurance proceeds reduce or eliminate the financial impact caused by the loss.
These contracts, whether owned by the company or by an independent third party such as a trust, can significantly reduce the cost of providing these benefits. A well-designed successor ownership plan can help assure business continuity by combining a legal agreement with appropriate insurance funding. The destabilizing effects of a management change, disability or death of an owner are minimized when a formal succession plan is supported by the proper funding vehicle. Specialized annuity products, in concert with the appropriate legal and plan documentation, can eliminate uncertainty and remove the ongoing financial and legal obligations created by these events. Casualty and Liability Exposures Many corporations face risks that are uninsurable, exceed available insurance limits, or are too costly to insure through conventional property and liability insurance coverages.