Executive Risk & Succession

Executive Risk

As a business owner, corporate officer or member of a board of directors, your personal assets are at risk of litigation arising from your executive actions or capacity as a director.

Management Liability coverage has evolved over the years to protect the crown jewels of an organization. Lines of coverage include:

  • Directors and Officers Liability (D&O)
  • Employment Practices Liability (EPL)
  • Fiduciary Liability
  • Kidnap and Ransom
  • Crime

These coverages are not off the shelf; they vary greatly from one insurance company to the next.

Most brokers in the middle market space have the same person handling and placing your Management Liability and your more standard policies like Workers Comp and Property Insurance.

This can spell trouble.

Because every company is different, and because Management Liability protection can be tailored to fit your needs, you need a broker who is living in this world every day; knows which carriers are the best fit; and can walk you through the complexity of these coverages, especially Directors and Officers Liability.

Private ≠ Protected

Many companies think they do not have a Directors and Officers Liability exposure because they are not publicly traded. We will show you how private company D&Os get sued for their personal assets as well.

ESOP Experience

Looking at turning your company into an Employee Shared Ownership Program (ESOP)? We can advise you on what landmines to avoid, because our team has lived it.

401K Management

You outsource your company’s 401k management, so you don’t have any liability, right? Actually, you can still be sued by employees for your personal assets if their retirement savings tank.

Let us guide you comfortably through this complex risk.

Business Succession

If you own your company, you launched your business with specific goals in mind: to be your own boss; to blaze a new territory with a product or service; to build something bigger for you and your family; or to simply make a good living.

Because you’re so involved with the day-to-day decisions of running your business, you may be overlooking some of the larger issues that can cripple a business if left unresolved. These may include:


  • Continuity of the business upon the owner’s death, disability, or retirement
  • Support for the surviving spouse or other family members upon the business owner’s death
  • Sufficient liquidity for the estate so that it may pay creditors’ claims and estate taxes
  • Incentives and compensation strategies for key employees, active family members, and the owner

Our Business Succession Partners offer the following services:

  • Business continuation planning
  • Estate planning
  • Buy-sell agreement
  • Deferred compensation
  • Key man insurance
  • Executive compensation
  • Wealth preservation strategies
  • Charitable plans
  • Estate tax alternatives
  • Will and trust design
  • Policy analysis and review


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