Can your business stay afloat if you or a key person is down for an extended period or suddenly passes away?
While taking risks is part of starting a successful business, you can plan for risks such as illness, incapacity or death of a key person to reduce or eliminate risks.
Key person insurance is an essential part of ensuring business continuity, as the departure of a key person in a business can lead to many problems and helps to cover the financial impact due to the loss of a key person by paying a lump sum in cash.
