Employee Benefits Consulting

Build a benefits package that reflects your company’s values

We help businesses design employee benefit programs that make sense — financially and culturally. From health coverage to retirement options, Cox, Klugh & Company aligns your plan with your goals, budget, and workforce so you can attract and retain great people. Based in Anderson, we proudly serve employers across South Carolina and beyond.

Strengthen your business by investing in your team

A thoughtful benefits plan supports both people and performance

Employee benefits are more than a checkbox — they’re a reflection of what your company stands for. A well-designed plan can reduce turnover, boost morale, and support productivity while keeping costs under control.


We simplify the process of comparing options and understanding compliance requirements so you can make decisions with confidence. With deep experience in financial planning and benefits strategy, we help you balance fiscal responsibility with care for your team.


Whether you’re introducing benefits for the first time or refining an established program, our approach is practical, data-driven, and people-focused. We’ll help you build a package that fits your company’s size, goals, and culture.

Partnership beyond the paperwork

Strategy that evolves with your company

Our benefits consulting process begins with listening. We take the time to understand your business — its mission, people, and goals — before recommending any plan design. Every strategy we create is tailored to your organization, not based on a one-size-fits-all template.


We meet with you regularly to review participation, renewals, and cost efficiency, ensuring your benefits remain competitive and sustainable. As your company grows, we adapt your strategy to keep it aligned with your changing workforce and objectives.


Our clients know they can call and speak directly with the team who knows their business — not a call center. It’s a level of partnership that extends far beyond the paperwork.

Tailored solutions for every organization

Comprehensive guidance that supports your business goals

Plan Evaluation

We review your current benefits offerings to identify cost-saving opportunities, gaps in coverage, and ways to enhance employee satisfaction.

Implementation Support

We coordinate with providers and administrators to make setup smooth and ensure compliance with state and federal regulations.

Our consulting process is designed to meet you where you are and help you move forward with clarity and confidence.

Program Design

Our team helps you structure benefits packages that balance affordability with impact — from health and life insurance to retirement and supplemental benefits.

Ongoing Strategy

As your company grows, we regularly revisit your benefits plan to make sure it continues to serve your team and your bottom line.

Key Person Insurance FAQs

Answers for business owners and partners

  • Is key man insurance just life insurance on my partner? Who receives the benefit?

    In a sense, yes — but it’s structured for the business, not personal use. The company owns the policy, pays the premiums, and receives the payout if the insured person dies or becomes disabled. Those funds can be used to maintain cash flow, hire replacements, or buy out ownership shares. The goal is to protect the business, not the individual’s family.

  • How do I know how much key person coverage to buy?

    The amount depends on your company’s size, profits, and reliance on the person being insured. We help you calculate a coverage level that reflects lost income, outstanding debt, and the cost to recruit and train a replacement. Most businesses insure for one to two years of expected profits, but we tailor each plan to your situation.

  • What type of insurance policy is used for key person coverage?

    Term life insurance is most common because it offers high coverage at an affordable cost for the years when risk is highest. For long-term needs or buy-sell agreements, a permanent life insurance policy can make sense since it builds cash value and lasts indefinitely. We’ll compare both options and recommend what best fits your business.

  • Can key person insurance premiums be deducted as a business expense?

    Typically, premiums are not tax-deductible, but the death benefit is tax-free to the company. This structure ensures that the business can use the full payout without worrying about additional taxes. We’ll coordinate with your accountant or tax advisor to confirm the best approach for your situation.

  • We’re a small business — is key person coverage really necessary?

    If losing one person would cause serious disruption, then yes. Many small companies depend heavily on one or two people for leadership, client relationships, or technical expertise. Key Person Insurance ensures your business has the resources to continue without interruption — and it’s often more affordable than owners expect.