Business · Insurance
Insurance owned by the corporation, structured on purpose
Corporate ownership of a policy changes who pays, who benefits and how proceeds are treated. Those details should be decided deliberately, with your accountant involved.
Common corporate applications
Key person coverage
Protects the business against the financial impact of losing someone the revenue depends on.
Buy-sell funding
Provides the capital that lets surviving shareholders complete a purchase under the shareholder agreement.
Creditor and lender requirements
Coverage arranged to satisfy financing conditions without over-insuring.
Permanent corporate policies
Where retained earnings and long-term estate planning are part of the conversation.
Ownership and beneficiary structure
Who owns the policy and who is named affects the outcome significantly.
Annual review
Coverage tied to business value should be reviewed as the value changes.
Review corporate coverage
We'll assess what exists today and what the exposure actually is.
Tax treatment of corporately owned insurance depends on policy ownership, beneficiary designation and your corporate structure. Confirm all tax outcomes with your accountant. All coverage is subject to carrier underwriting and policy terms.