Background

One of our clients—a growing software development firm with 3 employees—relied heavily on its co-founder and lead developer. Her specialized knowledge and client relationships were critical to the company’s revenue stream.

The Problem

Earlier this year, the co-founder was involved in an accident that left her unable to work for several months. With a monthly overhead of $40,000—including rent, utilities, and salaries—the firm faced serious financial pressure without its key revenue driver.

The Solution

Fortunately, a few months prior, the firm had secured disability overhead expense insurance through WiseInvest™ (often referred to as key employee insurance or key person disability insurance). Here’s how it helped:

• Comprehensive Assessment
  We evaluated the client’s cash flow, identified core expenses, and gauged the impact of losing a key contributor.
• Tailored Coverage
  Based on our analysis, we recommended a policy that covered critical overhead costs of $40,000 per month if a key person became disabled.
• Ongoing Support
  Throughout the co-founder’s recovery, we coordinated with the insurer to ensure timely benefit payouts and advised the firm on financial adjustments to sustain operations.

The Results

Thanks to the coverage, the software firm maintained its existing team, kept crucial projects on track, and avoided accumulating massive debt. When their key developer recovered and returned, the company was able to jump back into full productivity without having lost clients or momentum. This experience reinforced the importance of protecting not just the business, but the people who make it successful.

*Note: For privacy reasons, the names and nature of our clients’ businesses have been changed.