This insurance helps companies recover lost income and cover ongoing expenses if their operations are disrupted due to a covered event, such as a fire or natural disaster.

If a corporation owns vehicles for business use, commercial auto insurance is necessary to cover accidents and damage to the vehicles.

In an increasingly digital world, this insurance helps protect against the financial consequences of data breaches, cyberattacks, and other cybercrimes. It covers costs associated with data recovery, legal fees, and notifying affected parties.

D&O insurance protects the personal assets of a company's directors and officers from personal liability for decisions they make on behalf of the corporation. It can also cover legal defense costs.

This coverage protects against employee theft, embezzlement, or other fraudulent activities within the company.

This includes health insurance, life insurance, disability insurance, and other benefits offered to employees as part of their compensation package.

Companies involved in environmentally sensitive industries may need this coverage to protect against the financial consequences of environmental damage or pollution.

This type of insurance covers physical assets such as buildings, machinery, equipment, and inventory against damage or loss due to events like fire, theft, or natural disasters.

For multinational corporations, coverage may be needed for international operations, including foreign liability, travel insurance for employees, and political risk insurance.

Liability insurance protects a corporation from legal claims and financial losses arising from injuries, accidents, or damage caused to third parties by the company's products, services, or operations. This can include General Liability, Product Liability, and Professional Liability insurance.

This covers disruptions in the supply chain that can result from various factors like natural disasters, supplier issues, or transportation problems.

These are financial guarantees that ensure a company will fulfill its contractual obligations. They are often required in construction and other industries.

Workers' compensation insurance is required in many jurisdictions and provides coverage for employees who are injured or become ill while performing their job duties. It covers medical expenses, lost wages, and rehabilitation costs.

Annuities offer financial security and tax-advantaged growth opportunities. Our offerings include:

• Investment Annuities – Tailored for individuals looking for long-term financial stability.
• Non-Qualified Deferred Compensation (NQDC) Annuities – Provides additional retirement benefits for closely held businesses.

KLR Insurance Advisors use their expertise to navigate through the complexities of these contracts and identify contractual terms that may have an adverse impact on your retirement income.

A disability can occur at any time and the probability increases with age. A disability event can occur during peak earning years when individuals are funding their retirement plans.

Protecting income and business operations from disability-related financial risks is crucial. We offer:

• Buy-Sell DI – Ensures business continuity for closely held businesses in case of a partner’s disability.
• Key Person DI – Provides financial security for closely held businesses, nonprofits, banks, and credit unions if a key employee becomes disabled.
• High-Income DI – Protects high-income earners across various industries.
• Group DI – Offers comprehensive coverage for employees in nonprofits, closely held businesses, banks, and credit unions.
• Executive Carve-Out DI – Specialized disability insurance for partners, executives, and shareholders, allowing for discriminatory carve-outs.

KLR Insurance Advisors can work with you or your company to design a disability income coverage plan that protects your livelihood should a disability occur.

Life insurance plays a critical role in business continuity, executive compensation, and financial security. Our life insurance solutions include:

• Buy-Sell Agreements – Essential for closely held businesses to ensure a smooth ownership transition.
• Key Man Insurance – Protects closely held businesses, nonprofits, banks, and credit unions from the financial impact of losing a key executive.
• Non-Qualified Deferred Compensation (NQDC) - Corporate-Owned Life Insurance (COLI) – Supports executive compensation for closely held businesses and non-profits.
• Supplemental Executive Retirement Plans (SERPS) – A strategic benefit for closely held businesses, credit unions, and non-profits to attract and retain top talent.
• Bank-Owned Life Insurance (BOLI) – A tax-advantaged solution for banks.
• Life Settlements – A financial option for selling life insurance policies that are no longer needed.
• Trust-Owned Life Insurance (ILITs) – Designed for estate planning and wealth preservation.
• High-Income Earners/“Asset Class” Purchase – Life insurance as a wealth accumulation tool.
• Income Replacement/Debt Payoff Insurance (Term Insurance) – Protects families and businesses against financial hardship.
• Group Life Insurance – Customized group coverage for non-profits, closely held businesses, banks, and credit unions.

Long-term care insurance ensures financial protection for individuals and businesses offering executive benefits:

• Individual Traditional Tax-Qualified or Hybrid Life Policy LTCI – Options that provide flexibility, beneficial tax treatment and financial security.
• Fringe Benefit/Executive LTCI Offering – A valuable addition for board members, nonprofits, closely held businesses, credit unions, and banks.