Key Person Insurance
A key person is someone who is critical to the operation of a business.- How would the business fare if a key person were to be suddenly removed?
- Could anyone step in and smoothly take over the running of the business?
- Is there a risk clients might go elsewhere if there was such a disruption to your business?
- Would profitability and goodwill suffer? What impact would this have on the value of the business should you need to sell?
Only through planning can you ensure your business is able to maintain value and continue operating should a key person die, become disabled or suffer a debilitating illness.
