Protect Your Business with Key Employee Disability & Buy/Sell Agreement Coverage

Your business depends on key people. Whether it’s your top salesperson, a skilled partner, or yourself—the sudden loss of someone due to illness or injury can create major disruption. That’s where disability coverage for key employees and buy/sell agreement funding comes in. We help companies across Alabama, Florida, Georgia, Illinois, Missouri, Nevada, North Carolina, South Carolina, Tennessee & Virginia prepare for the unexpected.

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What Is Key Employee Disability Insurance?

This type of policy provides a benefit to your company if a key team member becomes disabled and can’t work. It gives you time and money to:

  • Recruit or train a replacement
  • Offset lost productivity or client relationships
  • Stabilize cash flow during a critical absence
  • Reassign duties or restructure workloads

If losing one person would create financial stress or put client relationships at risk, key person coverage makes sense.

What Is Buy/Sell Agreement Disability Funding?

If your business has multiple owners or partners, a buy/sell agreement outlines what happens if one of you can no longer work. Disability funding ensures you have the money to execute that agreement without draining cash reserves or taking on debt.

How it works:

  • The policy pays out if a co-owner becomes disabled
  • Funds are used to buy out their ownership interest
  • Keeps the business under stable control
  • Prevents outside influence or family disputes

We work with your attorney or CPA to align your insurance coverage with your formal agreement.

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Who Should Consider These Policies?

These tools are helpful for:

  • Partnerships & closely held businesses
  • S-corporations & LLCs with multiple owners
  • Companies with top-performing rainmakers or specialists
  • Family-owned businesses with succession plans
  • Contractors, law firms, health providers, and tech teams

Whether you’re in Birmingham, Charlotte, Tampa, St. Louis, or a small town in Tennessee, we’ll help you identify coverage needs based on your structure and leadership.

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Coverage Highlights & Plan Options

Coverage Type Key Employee Disability Buy/Sell Agreement Funding
Who receives payout? The business Co-owner or company (per agreement)
Trigger event Employee unable to work (disability) Owner disabled beyond waiting period
Use of funds Hire/replace staff, cover lost income Purchase partner’s ownership share
Benefit timing Typically 60–180 day elimination Typically 365–730 days

We’ll help you customize policies with appropriate benefit amounts, elimination periods, and riders.

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Why Business Owners Trust Us

  • We work with top-rated disability carriers in every state we serve
  • We understand how to match coverage to business size and risk
  • We coordinate with your legal & tax advisors
  • We keep your policies up to date as your company grows

With decades of experience helping businesses across industries, we know how to protect what you’ve built.

Build a Continuity Plan That Works—With or Without You

A strong business plan includes smart backup strategies. Whether it’s protecting a key employee or preparing for a partner’s unexpected exit, we’re here to help you set up coverage that keeps your business running.

FAQ – Key Employee Disability & Buy/Sell Coverage

  • How is this different from regular disability insurance?

    Yes. While your landlord’s policy likely covers the building itself, it won’t protect your belongings or liability. Renters insurance ensures you’re covered if your stuff is damaged, stolen, or if someone gets hurt in your unit.

  • How much coverage do I need?

    That depends on the value of your home, your belongings, and your level of risk. We’ll help you calculate replacement costs and liability needs to ensure you’re fully protected without overpaying.

  • Do I need a written buy/sell agreement in place?

    Homeowners insurance is typically required by lenders if you have a mortgage. Renters insurance may be required by your landlord, but even when it’s not, it’s a smart move. We can help you understand the expectations and benefits in your situation.

  • Can I insure more than one person?

    Absolutely. Many companies insure multiple partners, executives, or specialists under separate policies.

  • Is this expensive?

    These policies are often more affordable than you’d think—especially compared to the cost of disruption or legal disputes if no plan is in place.