Corporate Insurance For Business Owners
Corporately Insurance Planning For Business Owners and Incorporated Professionals
If you’re incorporated, the insurance conversation is different. It’s not just about protecting your family — it’s about protecting the business, funding shareholder agreements, and positioning your corporation’s wealth for a tax-efficiency. Insurance planning for business owners involve strategies and solutions that make sense for you and your company. Encompassing both life and living health benefits, Dickson Insurance offers insurance solutions based on extensive industry experiences and backed by a team of knowledgable experts.
Life Insurance
Critical Illness Insurance
Disability Insurance
Why Should I Consider Corporately-Owner Life Insurance?
Life insurance can support business agreements, keyman contracts and estate planning and balancing.
Are There Different Types of Insurance That Can Be Owned By A Corporation?
Yes. Life insurance is just one type of insurance that can support business owners. Critical illness insurance is an important element within a comrehensive plan to reduce the finacial risks associated with sickness, injury or death of a business owner or key person role in a business. Disability insurance is important, however, the taxation principles are different. We can help you the best structure for owning and funding disability coverage.
Areas we help with:
keyperson insurance
If you or an important employee couldn’t work tomorrow, how does your business keep going? The right coverage buys time and liquidity.
Buy-sell funding
Shareholder agreements that require the business or surviving shareholders to buy out a departed partner only work if the funding is actually in place. Life and CI insurance are the most common funding mechanisms.
Corporate-owned life insurance
Permanent life insurance that is owned by the corporation can help shelter growth, enhance retirement income strategies, and eventually pay out to the estate through the Capital Dividend Account (CDA).
Executive benefits
Retain excellent staff. Supplemental disability, critical illness, or life coverage for owners and senior staff beyond what a group plan offers.
Immediate Financing Arrangements (IFAs)
Advanced leveraged insurance strategies for high-income incorporated professionals and established business owners.
Succession and estate freeze support
working alongside your CPA and lawyer so the insurance piece actually fits the broader plan.
Who We Work With
Incorporated professionals, family-owned businesses, and partnerships across BC, Alberta, and Ontario. Clients are often referred to us from thei accountants or lawyers. Some business owners reach out to us directly, because their basic “life insurance quote” didn’t capture the complexity of their corporate structure (and potential benefits if it’s set up right!).
How It Fits Together
Corporate insurance planning is rarely a stand-alone decision. We help you to plan for the best outcomes and can coordinate with your accountant, and lawyer, when you want. We make sure the insurance piece supports — rather than complicates — your tax and succession strategy.
Let’s Review Your Structure
If you’re incorporated and have never had a dedicated corporate insurance review, or your last one was more than a few years ago, it’s worth a conversation.