The Business Owner's Coverage Check | Movin' On Up Financial Solutions
Movin' On Up Financial Solutions
The Business Owner's Coverage Check
A 2-minute walkthrough to see where your family, your business, and your bottom line stand if the unexpected happens to you — or to the people your business depends on.
3Coverage areas
~2 minTo complete
0Cost or obligation
Family
Partnership
Key Person
Question 1 of 9
Before you start
Answer honestly — "not sure" is a completely fair answer, and it's often the most useful one. At the end you'll get a plain-English breakdown of where you're covered, where you're exposed, and what to look at first. This isn't a formal needs analysis, it's a starting point for a real conversation.
1
Family Protection
If something happened to you, does your income get replaced — or does your household absorb the loss?
Do you have a spouse, children, or other dependents who rely on your income?
If something happened to you today, could your family maintain their lifestyle for at least 12 months without your income?
Do you currently have a personal life insurance policy in force (outside of any workplace group policy)?
Has that coverage amount been reviewed in the last 2 years to reflect your current income, debts, and family needs?
2
Partnership Protection
If you co-own the business, a partner's death is a financial event for the company — not just a personal loss.
Do you have one or more business partners or co-owners?
Is there a written buy-sell (or business succession) agreement in place between the owners?
Is that agreement funded with life insurance on each owner?
If your partner died tomorrow, do you know exactly where the cash would come from to buy out their share?
As a sole owner, this section doesn't apply — but make sure question 3 below covers who inherits or runs the business if something happens to you.
3
Key Person Protection
Some businesses depend on one or two people beyond the owner — a top producer, an operations lead, a rainmaker.
Is there anyone on your team (besides you) whose sudden loss would significantly disrupt revenue or operations?
Is that person currently covered by a business-owned key person life insurance policy?
Do you know the real cost to your business — lost revenue plus recruiting and training a replacement — if you lost them unexpectedly?
Good to know — that means your risk is more concentrated in you personally. Sections 1 and 2 matter even more.
STATUS
Your Coverage Snapshot
Here's how your three protection areas stack up.
Let's close the gaps — before they close a door for your family or your business.
As both your bookkeeping/CFO partner and a licensed life & health insurance advisor, I can walk through these numbers with you and show you exactly what coverage would cost, and what it would protect.
No pressure, no obligation — just a clear picture of where you stand.
This tool is for general educational purposes only and does not constitute insurance, legal, or financial advice, nor a formal needs analysis. Coverage recommendations depend on your individual circumstances and should be reviewed with a licensed advisor.
