Business Insurance
Insurance Solutions
Business Insurance
We offer innovative insurance products for businesses. These include solutions for tax minimization, retirement planning, business succession and exit strategies, loan protection, and making cash available for unexpected changes in your business. We design customized products to give you the flexibility and protection you need, when you need it. Whether you need extra funds to protect a mortgage or business loan, provide collateral or buy out a partner, purchasing insurance policies can help you achieve your financial requirements. Our knowledge and experience can help build a custom strategy for you.
Business Insurance
Business Loan Insurance
You recognize the importance of using credit in building your business. Much of your company’s success depends on meeting its financial obligations and reducing risks wherever possible.
If something should happen to you or one of your partners and your company isn’t able to make payments on outstanding loans, business loan insurance can help manage the unexpected — including the loss of a co-owner or partner due to death, or if you or a partner becomes seriously ill or injured.
Business Insurance
Buy/Sell Insurance
Most businesses have a Shareholders Agreement among the partners or shareholders that governs what happens in the event of death or disability of a shareholder.
Ascent Insurance works with your accountant and lawyer to ensure the agreement is properly written to maximize tax efficiencies and accurately value your business. We arrange life and disability insurance to fund the buy/sell portion of the agreement so your business can continue to operate without interruption in the event of an unexpected tragedy involving a shareholder.
Business Insurance
Group Retirement Savings
A Group Retirement Savings Plan can be a powerful tool for attracting and retaining employees while helping them build long-term financial security. These plans also provide business owners with flexible and tax-efficient ways to support both their team and the future of the company.
Tax Efficiency
Retirement savings plans can provide meaningful tax advantages for both employers and employees.
Employee Retention
Offering long-term savings support helps strengthen retention and attract high-quality talent.
Long-Term Wealth
These plans help employees build financial confidence and prepare more effectively for retirement.
Flexible Planning
Plans can be structured to align with your business goals, compensation model, and growth strategy.
Business Insurance
Key Man Insurance
Most businesses have at least one (and possibly several) key employees. They may be long-term employees, or bring a valuable or unique set of skills that are not easily replaced. Many businesses have been built around the strengths and skills of these key individuals whose capital, energy, knowledge, or experience makes them a valuable asset to the organization.
We offer life and disability insurance for key employees that ensure your business can absorb any financial loss that arises from the loss of a key employee.
Business Insurance
Executive Disability Plans
We offer customized disability coverage for shareholders and executives of businesses. Our disability solution ‘carves out’ the executives from your group disability plan and replaces it with personalized coverage with enhanced disability definitions. We can also top up your group disability coverage with personalized and enhanced individual coverage.
By grouping your executives together, you are able to provide an attractive, cost-effective benefit for key employees of your firm while taking advantage of beneficial tax treatment from the CRA.
Next Steps
Protect Your Business with the Right Strategy
Whether you're protecting a loan, planning for succession, or building long-term financial stability for your company, Ascent Insurance can help design a customized strategy that fits your business goals.