Protect Your Business From the Unexpected — Before It’s Too Late.
Key Man & Business Overhead Expense Insurance ensures your company survives if you or a key employee can’t work.
70% of small businesses shut down after losing a key person. What would happen to yours?
What Is Key Man Insurance?
Key Man Insurance is a life or disability insurance policy that a business takes out on its most valuable team members. If the insured person dies or becomes unable to work, the business receives a cash benefit to cover:
Recruiting and training a replacement
Paying off business loans or obligations
Protecting company credit
Reassuring investors and clients
Maintaining operations during transition
Who Needs Key Man Insurance?
Key Man Coverage is especially important for:
Small and Medium-Sized Businesses – where one person often carries essential roles.
Startups – where founders or executives drive growth, investor confidence, and partnerships.
Family Businesses – where leadership transitions are not always planned.
Companies with Business Loans – lenders may require Key Man policies for loan approval.
If losing one person would cause serious financial strain on your company, you need Key Man Insurance.
Benefits of Key Man Coverage
Protects business continuity
Safeguards employee jobs
Maintains investor and lender confidence
Provides funds for buy-sell agreements
Ensures peace of mind for owners and employees
How Does It Work?
Your business is the policy owner and beneficiary.
Premiums are paid by the company.
If the insured person passes away or becomes disabled, the payout goes directly to the business.
This money can be used however your company needs—to pay expenses, cover debts, or stabilize operations until recovery.
Key Man Insurance vs. Buy-Sell Agreements
Many Texas business owners confuse Key Man Coverage with Buy-Sell Agreements. Here’s the difference:
Key Man Insurance protects the business itself.
Buy-Sell Insurance ensures a smooth ownership transfer if a partner passes away.
Often, companies benefit from having both in place. Speak to your agent to get a referral to a Licensed Attorney that we recommend.
Why Texas Businesses Choose Stratton Insurance Agency
At Stratton Insurance Agency, we specialize in helping business owners, entrepreneurs, and family-run companies protect what matters most. Our local team will:
Review your company’s structure and risks
Recommend the right coverage amount
Compare policies from many of the nations' A+ Rated insurance companies
Provide fast quotes and personalized service
Get a Free Quote Today
Don’t leave your company vulnerable to the loss of a key person. Protect your future with affordable Key Man Insurance in Texas.
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