Insurance Services for Businesses

Business continuation in the event of the loss of a key team member is a challenge faced by many businesses and partnerships today.  Capital Wealth Advisors can utilize insurance to craft customized business continuation agreements to protect your firm and those who work there in the event of the loss of your or another key member of your business's team.

Key Person Insurance

Key person insurance can be described as an insurance policy taken out by a firm to compensate that firm for financial losses suffered as a result of the death or disability of a key team member of the firm specified on the policy.  Key person insurance is designed to compensate the business for losses and facilitate business continuity with a monetary payout by the policy.

We can advise you on whether or not key person insurance is appropriate for your firm.  Typically, the insurance is taken out on the life or health of any employee whose contribution (both physical or knowledge-based) is considered vital to the company, and when replacement costs and lost business transactions which the firm is likely to suffer are significant.

Buy-Sell Insurance & Agreements

In the event of a death of a partner in your business, it is important to ensure that those that are able to continue the management of the business remain in the position to do so.  Capital Wealth Advisors can craft for you a customized buy-sell agreement, where partners take insurance out on each others life for the purpose of using death benefit to purchase each other's share in the business in the event of the death of a partner.  Using a buy-sell agreement can ensure that, in the event of the death of a partner, the business will remain in the qualified hands of the remaining partners.

Already Have Insurance Policies?

With Policy Check-Up™ a unique service offered through Capital Wealth Advisors, we provide a comprehensive review of coverage and integrate those findings into an overarching strategy that we will monitor and update into the future. You cna learn more about Policy Check-Up™ by clicking here.