Key Person Insurance
Could your business endure the sudden loss of a key member? Key person insurance is designed to protect businesses from financial loss if a crucial employee dies or becomes terminally ill.
Benefits of Keyman Insurance include:
- Business Continuity
- Maintain Cashflow
- Confidence for Stakeholders:
- Debt Repayment
- Talent Attraction and Retention
If losing a key person leads to lost profits, keyman insurance covers those costs, including wages, replacement staff, and loan repayments, helping your business stay afloat during tough times. We can help you determine the appropriate amount and duration of coverage and find a key person insurance policy that suits your business's needs.
What You Will Receive:
- Key person coverage that provides a cash payout if the insured individual dies, suffers terminal illness, or suffers a specified illness like a stroke, cancer, or heart attack.
- A separate policy for each designated key person.
- A business-owned contract, meaning the business pays the premiums and benefits from any claims.
- Peace of mind knowing that the loss of a key person won’t disrupt your organization.
Information/Documents needed for Key Person Insurance
- Name of Company
- Nature of Business
- Details of Insured
