If your business or shareholders have purchased insurance, it is prudent to regularly review the underlying guidelines and the performance of these selections to help ensure that you are continually working toward meeting key your business objectives. Since then, there may have been changes in your circumstances.
Frequently, businesses that own insurance need guidance on structuring premium financing for the business, buy-sell agreements, or disability. Interest rates and other external factors may have also altered the value and adequacy of your existing policies.
Moss Adams Wealth Advisors can evaluate your insurance portfolio to help determine that you have the appropriate coverage and the right strategy in place for your business needs.
The evaluation may validate your original policy, or—as we have often found—it may expose excessive coverage where you’re needlessly overpaying, or reveal gaps where you won’t have coverage when you may need it the most.
We recommend strategies and steps to determine you have the appropriate types of insurance and terms to support and safeguard your interests and financial future. We also provide integrated guidance on insurance and tax strategies that work—and advice on those which don’t—to help you preserve liquidity and further achieve your goals.