Protecting Your Business

Preserve the value of your business.

Planning for the unexpected can protect your business—and everyone who depends on it—when sudden challenges arise.

What would happen to your business if:

  • An owner or key employee became too sick or hurt to work?
  • An owner or key employee died unexpectedly?
  • An owner exited the business with minimal notice?

Find an advisor to talk to a financial professional that can help you find answers that won’t disrupt or derail your operations—or compromise the value of your business.  

Protection comes in many forms.

Working with the Principal Financial Group® (The Principal®), you can structure a business protection plan with the solutions your business needs most.

  • Key person life insurance policies generally pay an income-tax-free1 death benefit to the business, to help offset the financial hardship of losing an owner or key team member.
     
  • Key person replacement disability insurance provides funds for recruitment, training, temporary staffing costs, and other needs after a total disability claim.
     
  • Stay bonuses give key employees a financial incentive to stay on after the exit of a business owner.
     
  • Overhead expense (OE) insurance provides reimbursement to cover immediate overhead costs if the business owner becomes too sick or hurt to work.
     
  • ESOP repurchase plans utilize life insurance to provide necessary liquidity for satisfying the repurchase obligations of an Employee Stock Ownership Plan.
Know the value of your business?
Talk to a financial professional to request an informal business valuation.
Have questions?

Explore help for employers, or call us at 800-986-3343.

Help with preparing for the unexpected

Expect the Unexpected: Protecting Your Business & Life

You may have spent years building and nurturing your business, but are you prepared if you became too sick or hurt to work?

Could Everyday Expenses Close Your Doors?

The Gap in Protection You Can’t Afford to Miss

1 If the requirements of Internal Revenue Code Section 101(j) are not met, death proceeds from employer-owned life insurance contracts may be taxable as ordinary income in excess of cost basis. Death benefits and all life insurance guarantees are subject to the claims-paying ability of the issuing insurance company.

Disability insurance has limitations and exclusions.  For cost and coverage details, contact a Principal Life financial representative.