Key Person Coverage: Protect Your Most Valuable Employees

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At Carpenter Collective, we understand that your business is only as strong as the people behind it. That’s why we offer Key Person Insurance—a strategic solution designed to protect your company from the financial impact of losing a critical team member due to death or disability.

Whether it’s a founder, top sales executive, lead developer, or another vital contributor, the loss of a key individual can jeopardize operations, revenue, and even your company’s survival. Our customized Key Person Insurance plans help ensure your business can weather the unexpected.

Key Person Insurance is a life or disability policy that a business takes out on a crucial employee. The business pays the premiums and is the beneficiary of the policy. If the key person passes away or becomes disabled, the business receives a tax-free payout that can be used to:

• Offset lost revenue
   
• Cover hiring and training costs for a replacement
   
• Reassure investors, lenders, or partners
   
• Maintain operations during a transition period
   
• Fund a buy-sell agreement
   

This protection is essential for:

• Small to mid-sized businesses with limited executive leadership
   
• Startups relying heavily on one or two founders
   
• Companies preparing for growth, funding rounds, or acquisitions
   
• Partnerships that need funding to execute buyout agreements
   

If losing a single person would seriously disrupt your company’s income, reputation, or continuity, Key Person Insurance should be part of your risk management strategy.

We bring more than insurance — we bring insight and strategy tailored to business continuity. Here's how we help:

✅ Business-Focused Needs Analysis – We take the time to understand your structure and identify true key players.

✅ Custom Coverage Recommendations – We offer options from trusted insurers to fit your budget and business goals.

✅ Integrated Planning Support – We can coordinate Key Person coverage with your overall succession, benefits, or buy-sell strategies.

✅ Fast, Professional Service – We value your time and provide efficient, expert service every step of the way.

Think of Key Person Insurance as a financial safety net. It doesn’t just protect the business—it protects the jobs, partnerships, and long-term plans that rely on your leadership team.

Reach out today for a consultation or to schedule a business insurance review. Carpenter Collective is ready to help you protect what you’ve built—with smart solutions and personal guidance.