Corporate Insurance
We go beyond quotes to deliver strategic corporate insurance solutions that protect leadership, assets, and business continuity. Working as your trusted advisor, we assess risks, legal requirements, and succession goals. Through this partnership, we design business insurance coverage that aligns with your long-term vision and evolving priorities.
Connect for Solution-Focused Risk Discussions
Listen
Understand the client’s goals, risks, and priorities.
Diagnose
Analyze corporate structure, financials, and exposures.
Design
Build tailored, tax-efficient insurance strategies.
Implement
Execute the solution and coordinate all moving parts.
Key Person Life and Disability Insurance: Protecting the Heart of Your Business
Key Person Insurance protects your business from financial disruption if a critical owner or executive dies, safeguarding cash flow, stability, and overall enterprise value. It ensures the company has the resources to navigate the transition, cover losses, and maintain stakeholder confidence.
At M&M, we provide clear guidance on how this coverage works and what level of protection your organization needs. We evaluate your structure, quantify exposure, and help you secure robust, well-designed insurance that supports long-term continuity.
Disability Buy/Sell Insurance: Protecting Ownership and Operational Continuity
Businesses must protect shareholders from the financial impact of losing an owner, and surviving partners need immediate access to funds to buy out the deceased shareholder’s interest. Insurance is the most effective way to guarantee liquidity and ensure a smooth, predictable transition.
At Matthews & Mann, we provide the technical expertise and professional resources required to properly structure and fund Buy/Sell Insurance. Our team conducts a thorough review of your Buy/Sell Agreement to ensure it aligns with best practices and is funded in the most tax-efficient manner.
Business Succession: Funding the Future You’ve Built
Preparing a business for sale starts with clear decisions about your goals: whether you plan to retire fully or stay involved part-time, whether the buyer will be family, a key employee, or an outside party, and how you want your legacy handled. These discussions should begin early with us, who can help navigate family expectations, mediate sensitive conversations, and outline the long-term implications of each succession path. Thinking beyond the numbers—such as the future of employees, customers, and the business itself—is essential.
A solid financial plan is the backbone of any succession strategy. If selling externally, you’ll need a clean balance sheet and a formal valuation, along with guidance on whether to structure the deal as a share sale or an asset sale. This decision significantly affects taxes and negotiation leverage. Only a share sale allows access to the Lifetime Capital Gains Exemption (LCGE), which can save hundreds of thousands of dollars if your company qualifies as a small business corporation.
Understanding and planning around the LCGE is critical. The exemption allows business owners to shelter capital gains tax on the sale of shares of a qualified small business corporation, up to a government-indexed limit. For couples who co-own a business, the tax savings can be substantial. Ensuring the business meets the QSBC criteria well in advance is a key part of maximizing value and minimizing tax at the time of sale.
Shareholder & Partnership Agreement Planning:
Protecting Ownership and Continuity
No business plan is complete without a well-structured shareholder or partnership agreement that defines how ownership interests will transfer in the event of retirement, disability, death, or dispute. At Matthews & Mann Insurance Brokers, our corporate insurance solutions in Ontario use life and disability insurance to efficiently fund buy/sell obligations, ensuring a smooth and financially secure transition for all stakeholders.
With our deep understanding of business insurance in Ontario, we help you navigate the complexities of multi-owner arrangements and align coverage with your legal and financial objectives. As a trusted corporate insurance broker, we work alongside your advisors to evaluate business needs, structure tailored strategies, and protect your company, your partners, and your legacy.
Frequently Asked Questions
- Can the premiums my company pay be tax-deductible?
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Can I name my spouse as a beneficiary on my corporately owned policy?
- Can I hold my insurance in a holding company or Trust, or does it have to be in my operating company?
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Can I take money out of my insurance policy for personal needs?
Yes. We can review many strategies that leverage the unique relationship between the CRA and your Professional Corporation. This is one of our core competencies. Speak with us to learn more.