Executive Benefits & Business Succession Planning
Strategic succession planning is your business’s path to a secure future. You want your business to continue to thrive and grow, even when leadership changes hands. The business you’ve worked so hard to build doesn’t have to rely on your presence to continue prospering. In order to ensure long-term success after your tenure, business succession planning is essential.
Succession planning helps eliminate confusion, mitigate financial risk, and create a clear path forward. At the same time, competitive executive benefits must also be determined to attract and retain the best possible talent after your departure. Whether it’s deferred compensation planning, bonus plans, or supplemental executive retirement plans, business owners should thoroughly understand their options in order to make the best decisions for their business’s future.
We work with companies of all sizes to guide them down the winding path of executive benefits and business succession planning. Whether your company is a small to mid-sized business or a publicly traded corporation, we have solutions and strategies to facilitate a smooth and effective executive succession.
At Doeren Mayhew Insurance Group, we are proud to provide businesses with customized solutions that protect their success and assure their longevity. Our team of experts will walk you through tailored options for your unique commercial needs and circumstances.
Call us at (248) 290-0650 to discuss executive benefits and business succession planning or request a quote.
Key Person Protection
Most businesses have at least one key person who is considered essential to the company’s operations. Key person protection offers a solution to help businesses cover any operating costs in the event of their departure or premature death.
Buy-Sell Funding
Buy-sell agreements are legal contracts between business partners that ensures financial continuity in the event of an untimely death, and can provide families and business partners alike with long-term peace of mind.
News
Buy-Sell Agreements — 6 Important Questions
Exit planning is a necessary step that every business owner must eventually take. To protect themselves and their businesses from potential failure, many business owners have turned to buy-sell agreements as a solution. A buy-sell agreement is a…
An Introduction to Key Person Insurance
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