Business owner protection
The agreements a businessdepends on, funded.
When an owner or key person dies, a business faces two problems at once: operating without them, and honoring whatever was promised to their family. Life insurance is often the practical funding behind both. The structure is designed with your attorney and accountant; the coverage is the piece we help with.
Common uses
Five situations, and the question behind each.
Key person protection
A business insures the life of a founder, a rainmaker, or a specialist whose loss would hurt revenue or operations. Proceeds give the business time to recruit, reassure lenders and customers, and absorb lost income.
Who is irreplaceable in the short term, and what would it cost to bridge the gap?
Buy-sell funding
When owners have an agreement that an ownership interest will be purchased at death, insurance provides the cash to honor it. The surviving owners keep control; the family receives a fair, prompt payment.
Is the agreement written, current, and funded? Is the structure entity purchase or cross purchase, and what does the accountant advise?
Business continuity
Payroll, rent, loan covenants, and supplier relationships continue after a death. Coverage can provide working capital so the business is not forced into fire-sale decisions.
How many months of operating expenses would steady the business, and which obligations have personal guarantees?
Family business succession
When one child will run the business and others will not, insurance can equalize what each receives without dividing the company or forcing a sale.
What does fairness look like to the family, and how does the estate plan express it?
Executive protection needs
Some businesses provide coverage to retain or reward key executives. These arrangements have specific legal and tax requirements and are designed with the business's own advisors.
Who should be covered, who owns the policy, and how is it documented?
Where our role ends
Durmont Capital does not draft agreements, value businesses, or provide legal or tax advice. These arrangements are designed with your attorney and accountant; life insurance is the funding piece.
Questions owners ask
Ownership, structure, and what to settle first.
What should business owners consider?
Who owns the policy in a business arrangement?
Next step
A more secure future beginswith understanding your options.
Explore the coverage types at your own pace, or request a conversation. There is no obligation, no pressure, and nothing to prepare.