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Key Man Insurance
Protect the People
Who Power Your Business
Key man insurance safeguards your company’s most valuable asset: leadership.
Every business has someone it can’t afford to lose. Key man insurance provides a financial cushion if a critical owner, executive, or employee unexpectedly passes away or becomes disabled.
At Herbert Financial, we structure policies that support business continuity, investor confidence, and long-term planning. This coverage can fund recruiting, pay down debt, or keep operations afloat during a leadership transition. For high-net-worth individuals and business owners, it’s not just insurance—it’s a strategic safety net. We’ll help you protect what keeps your business moving forward.
What is Key Man Insurance?
Key man insurance is a life or disability insurance policy a business purchases on a vital employee, such as a founder, CEO, or lead producer. The company pays the premiums and is the beneficiary of the policy.
If the insured individual dies or is incapacitated, the payout helps cover business disruptions, financial obligations, or succession planning costs. Key man insurance is especially important for closely held companies where leadership loss would create a major financial impact. It’s also a powerful tool when seeking financing or attracting investors, as it demonstrates risk management and continuity planning.
Business Continuity Planning
Prepare for leadership loss or disruption.
Executive Risk Management
Protect against sudden leadership gaps.
Buy-Sell Funding
Cover partner buyouts with insurance proceeds.
Disability Coverage
Income protection if key person is incapacitated.
Service Benefits
- Stabilize operations after unexpected loss
- Reassure partners, lenders, and investors
- Fund succession or replacement strategies
- Strengthen overall risk management plan
Document Detail
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Get in Touch
Phone Number
+1 (818) 213-1388
