Key Person Insurance
Key person insurance is a life insurance on the person who runs the business or is an integral part of it. If you are running a small business, which entirely depends on a key person, it is important that your get he insured. A key person insurance plan can also be done for the founders or a key employee whose absence would cause loss to the company or may lead it to bankruptcy. We offer reliable advice regarding key person insurance. For more information, get in touch with us now.
If you own a small business, secure it better with key insurance solutions. Investing in a key person insurance policy will help you protect your business better. If the key person unexpectedly dies, your company receives the insurance payoff. Investing in a key person is important as in most cases the death of a key person in a small company can lead to heavy financial loss and bankruptcy.
Invest in the right insurance
We will help your company survive the loss of the person who runs the business and makes it work. The insurance proceeds can be used by the company until you find a suitable replacement for the key person. It can also be used to pay off debts and employees. The key insurance will help your company in times of difficulty.
Benefits of investing in a key person insurance
- It protects the business against risk in the event of the unfortunate death of the key person.
- The premium paid can be used for business expenses
- The insurance money can be used as a guarantee of loan repayment
- This amount can boost the morale of the key employee
- It may help increase productivity of the key employee
- It helps keep the market price of the company’s shares stable
- It can also help protect the company’s valuation
Insurance advice by the experts
Our team understands the finding the right insurance can be challenging, if you are looking for reliable advice regarding key person insurance, we are here for you. Our team will help you understand the benefits of investing in an insurance and also help you choose the right insurance plan. Speak to a member of our team now for more information, we will be happy to help you with all your requirements.
Protecting you and your business from financial loss
A key person is an employee or owner whose skills, knowledge and intellect are very valuable to the company. Their death or inability to work can lead to substantial financial loss. Secure and protect your business from the unexpected with key person insurance. We are a reputable company with many years of experience, our team will guide you every step of the way and help you make an informed decision.
Whether you plan to invest in a key person insurance or need advice regarding which insurance cover to choose, our team is here to help. All you have to do is discuss your needs with us and we will do the rest.