You know how valuable your key employees are to you, and the role they play in both the day-to-day operation and the long-term viability of your enterprise. The illness or death of one of your most important staff is not only a loss in terms of talent, but it could add up to lost revenues and opportunities down the road.
Consider using insurance solutions to protect your business against the loss of key employees or the business owner, and help safeguard the success of the business.
Some features to consider:
Key Employee Insurance – in the unfortunate event that a key employee dies, life insurance will provide immediate cash that can be used to help you find and train an appropriate replacement.
Disability Overhead Expense Insurance – provides money to cover expenses and keep the business doors open if a key employee suffers a serious, unexpected injury or illness and subsequently revenues fall.
Critical Illness Insurance – offers the business protection against lost revenue if the business owner or key employee is recovery from a serious illness like cancer or a heart attack.
Business Loan Protection – helps to guarantee business loans. Life Insurance policies can be used to pay down outstanding business debts in the event of the loss of the business owner or a key employee.