Most successful businesses have one or more key persons on whom the success of the business depends. Without this person or persons:
- Profitability could be severely affected
- The value of any goodwill could be reduced
- The business credit rating could be affected
- The company may require funds to employ and train a replacement
Key person insurance can be taken out by the business to reduce the financial impact of sickness, injury, illness or death of a key person on the business. Call us to find out more.