03/ Preserve
You've spent years building your practice. Let's make sure it doesn't fall apart if you can't be there.
A continuity plan tells someone what to do. It doesn't pay your rent, cover your staff, or keep the lights on while you're gone.
Most practice disruptions aren't permanent. A health event, a family crisis, an extended absence — the lawyer comes back. But if the practice couldn't survive the gap, there's nothing to come back to. This is the work that keeps the firm viable as a going concern, funds the plan you've built, and maintains everything year after year.
“I design & build business insurance programs that keep the firm viable — covering fixed costs, protecting against key revenue losses, and funding the legal agreements that make succession possible.”
Business Overhead Expense
Your practice still has bills to pay while you’re recovering.
Rent. Staff salaries. Software subscriptions. LawPRO premiums. Professional association fees. The fixed costs of running a law practice don't pause because you can't work. Overhead expense insurance covers those costs during a disability or extended absence — so you have something to come back to. This is different from personal disability insurance, which replaces your income. Overhead expense insurance keeps the practice itself running in the short term. For a solo or small firm lawyer, that distinction is the difference between returning to a practice and starting over.
Key Person Insurance
What happens to the firm when a key lawyer can't work?
For small firms with associates or partners, the loss of a revenue-generating lawyer creates a financial hole that needs to be funded. Without coverage, the remaining lawyers absorb it. With coverage, there's a plan.
For a solo practitioner, the key person is the lawyer. If they're gone, the revenue stops. The practice has no one to bill, no one to close files, no one to generate new work. Key-person insurance provides a lump-sum benefit to the practice that can be used to cover costs, buy time, fund a replacement lawyer, or wind things down in an orderly way.
Business Loan Protection
Your line of credit doesn't disappear when you do.
If your practice carries a business loan or line of credit — for a build-out, equipment, or working capital — that obligation doesn't pause during an absence or disappear at death. Business loan protection ensures the debt is covered, so your estate or your partners aren't left managing it on top of everything else.
Corporate-Owned Insurance Strategies
Your professional corporation can do more than you think.
For lawyers who practise through a professional corporation, corporate-owned life insurance is one of the most tax-efficient ways to build long-term financial security. Premiums are paid with after-tax corporate dollars — which are taxed at a lower rate than personal income. The death benefit flows to the corporation tax-free and can be distributed to your estate through the capital dividend account.
This is where business protection begins to connect to longer-term wealth planning. When you address the full picture — practice valuation, buy-sell funding, and corporate wealth strategies — you can truly leverage what you’ve built and create an asset and legacy, not just a job.
Successor Agreement Frameworks
A successor needs more than goodwill to step in.
Designating an administrator handles the wind-down. Succession planning handles the going-concern scenario — where another lawyer steps in to run the practice, temporarily or permanently.
That requires a formal legal framework: the authority to act, the terms under which they operate, and — if the arrangement is a purchase — how it's funded and at what value. I work with your legal advisors to identify what agreements need to be in place and help you think through what the arrangement should look like.
The Value of an Ongoing Relationship
Change is constant. Plans go stale. Policies need to be updated. Regulations change. Practices evolve. A coverage amount that made sense five years ago may be wrong today — because your revenue changed, you took on debt, an associate left, or your personal obligations shifted.
When you implement an insurance program through my brokerage services, I help you keep everything current. But more than that, it keeps the planning relationship active. When something significant happens — a health event, a change in practice structure, a new line of credit — you want someone already in the loop, not starting from scratch.
What's covered annually:
Annual review meeting — a structured session to identify what's changed and what needs updating
Plan updates — revised documentation to reflect practice and personal changes
Regulatory review — By-Law 7.1 or LSO requirement changes incorporated
Insurance policy review — all coverage checked against current practice economics and personal obligations
Updated action plan — gap report refreshed to reflect current status across the full engagement
Everything in one place.
Once your program is in place, your coverage and planning documents are stored in a secure digital vault through SideDrawer — accessible to you and to the people who would need to act in an emergency. Your administrator, executor, spouse, or successor shouldn't be searching for documents in a crisis.
You can also use your vault to store other important documents — your continuity plan, your Will, your Powers of Attorney, corporate resolutions, shareholder agreements, or anything else that matters to your practice or your family.