Business Insurance
Protect and position your business well now for the future.
160 years of serving businesses in Hawaii and building business success
As an entrepreneur, you’re building a business you can call your own because the pride, freedom, and sense of accomplishment you earn make your investments of hard work and sacrifice worthwhile.
Your business and its success depend on the solid foundation you build for it—as well as the value you create for the people who contribute to its growth. We provide you with customized business tools you can use to create an organization that easily stands above the rest and is ready for the future.
Executive Compensation
Recruiting and retaining great employees is one of the keys to success. These employees often become an irreplaceable part of your company—and keeping them can be crucial to a business' long-term goals and strategies.
With salaries being so competitive, supplemental plans that offer long-term financial incentives are a key component in many compensation and benefit programs. Employees can receive various forms of executive compensation in return for their promise to remain with the company.
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Supplemental executive compensation – A business agreement that provides defined contributions or future benefits when specific conditions are met
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Deferred compensation – This nonqualified plan provides compensation to key employees or executives through a life insurance policy with benefits and income taxes deferred until retirement
Business Succession
You've worked hard to build a great business. With careful planning, you're looking forward to a bright and successful future. What would happen to your business if you or another owner dies, becomes disabled, or wants to retire?
Without an agreement between the current owners, you may risk the business being owned by an unqualified person—or even a competitor. Proper planning can help business owners maintain control when a change of ownership becomes necessary.
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Exit strategy: A comprehensive lifetime plan that establishes your retirement plan, arranges for a business succession plan, and incorporates both these strategies into your estate plan.
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Key person insurance: A cost-effective way to ensure your business will have the necessary funds to replace a key individual who passes away, protect the business from any resulting monetary loss, or finance succession and estate plans.
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Business continuation strategy: A comprehensive plan that includes the purchase of life insurance for each business owner and a Buy-Sell Agreement that, upon the death, disability or retirement of an owner, identifies the purchaser of the business, price and terms of the sale in addition to providing cash values or death benefits as specified in the agreement.
Ready to learn more?
Our Wealth Management experts are ready to chat.
First Hawaiian Bank’s Wealth Management Group provides investment advice and financial products and services through First Hawaiian Bank. First Hawaiian Bank does not provide tax or legal advice.
| Investments, annuity, and insurance products are: NOT INSURED BY FDIC OR ANY GOVERNMENT AGENCY • MAY LOSE VALUE • NOT A DEPOSIT • NOT GUARANTEED BY FIRST HAWAIIAN BANK |
| The insurance and annuity products are obligations of the insurance company and (i) are not insured by the FDIC or any other agency of the United States; and (ii) are not deposits or other obligations of, or guaranteed or insured by, First Hawaiian Bank or any of its affiliates. For certain cash value life insurance products there is investment risk, including the possible loss of value. |