Key Person Insurance
If your business is reliant on a key person to help run a successful operation, key person insurance can help preserve the value of your business in the event of their passing. It’s like a life insurance policy, except the employer is the owner and beneficiary of the policy. Key person life insurance can help keep the business running and assure stakeholders the company will continue to operate as normal. It also helps reduce the impact of the loss of the key individual and cover the expenses involved in finding and training a suitable replacement. Whether you have a key person, or that person is you, contact your Insureit broker today.