InsuranceQuoteToolkit

Wealth Preservation · Authority Guide

Preservation for Business Owners

Business owners face concentrated risk and unique preservation challenges. Resilience requires separating business and personal wealth deliberately.

In this guide

  1. 1 · Executive summary
  2. 2 · Key takeaways
  3. 3 · Key strategies
  4. 4 · Pro-tips checklist
  5. 5 · FAQ
  6. 6 · Related guides & tools

Executive summary

Business owners face concentrated risk and unique preservation challenges. Resilience requires separating business and personal wealth deliberately.

  • Hold ≥ 12 months personal expenses outside the business
  • Commercial GL + E&O
  • Key-person life insurance

Key takeaways

  • Hold ≥ 12 months personal expenses outside the business
  • Commercial GL + E&O
  • Key-person life insurance
  • Succession plan documented

Key strategies

  1. Strategy 1

    Hold ≥ 12 months personal expenses outside the business

  2. Strategy 2

    Commercial GL + E&O

  3. Strategy 3

    Key-person life insurance

  4. Strategy 4

    Succession plan documented

Pro-tips checklist

  • Don't reinvest 100% of business profit
  • Diversify into non-correlated personal assets

FAQ

When do I need key-person insurance?

When the business depends on a specific individual for material revenue.