What Does Key Person Insurance from Founder Shield Cover?

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Key Person Insurance with third-party carriers rather than underwriting the policy itself. ²Company-reportedAbout-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Founder Shield says it places policies, including Founder Shield Key Person Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ³Company-reportedGeneral carrier-selection FAQ, not specific to this line's placements.

Founder Shield markets key person coverage to startups and small businesses reliant on a single founder or employee, technology and R&D companies protecting key innovators, and businesses with significant debt that need to reassure creditors. ¹Company-reportedKey Person Insurance & CFI product page, key-person component only.

Founder Shield describes Key Person Life Insurance as a lump-sum payout to the business if a key individual dies, and Key Person Disability Insurance as a regular payout if that individual becomes unable to work. ¹Company-reportedProduct page; the issued policy and declarations control actual coverage. The page bundles a separate Contract Frustration product not covered by this record.

You request Founder Shield Key Person Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^2,3Company-reportedAbout-us and carrier-selection pages describe the general placement process, not a line-specific application form.