Business Protection Checklist | C.H.A. Insurance Agency

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Key-person exposure

List the owners and employees whose death or disability would materially disrupt revenue, operations, financing or client relationships.Estimate what replacing each key person could cost in recruiting, training, lost revenue or delayed operations.Identify any lender, investor or contract requirements tied to key-person coverage.

Ownership transition

Confirm whether the business has a written buy-sell or ownership-transition agreement.Ask the attorney who drafted the agreement whether funding and valuation terms are still current.Review who would buy an owner’s interest after death, disability or another triggering event and how the purchase would be funded.

Debt and continuity

List business loans, personally guaranteed debt, leases and major contractual obligations.Document who can access banking, payroll, vendor and client systems if an owner becomes unavailable.Create a short continuity plan covering payroll, customer communication, key vendors and decision authority.

Professional review

Review insurance needs with a properly licensed insurance professional.Review ownership agreements and estate/legal documents with a qualified attorney.Review tax treatment and business-structure questions with a qualified tax professional or CPA.

Your notes

Write down what you want to follow up on.

People the business cannot easily replaceBusiness debts and guaranteesBuy-sell questionsContinuity actions to complete

Educational organizer only. It is not legal, tax, investment or medical advice and does not replace an insurance policy, contract, plan document or advice from a qualified professional. Insurance products, eligibility, underwriting, benefits and availability vary by carrier and state.