Small Business Continuity & Key Person Coverage

Riverside Contracting, a South Jersey construction firm with two owners and 14 employees, needed a plan to protect the business if either partner became disabled or passed away unexpectedly. Without a strategy, the surviving partner risked a forced buyout or ownership disputes.

We designed a buy-sell agreement funded by life insurance, giving each owner a clear, financed path to buy out the other’s share. This removed uncertainty for both families and the company’s lenders.

We added key person coverage on the lead estimator whose relationships drove much of the firm’s revenue, plus a business overhead expense policy to keep the doors open during any extended disability.

The result is a resilient ownership structure that protects the partners, their families, and their team. We now review the valuation and coverage annually as the business grows.