Business Insurance or Key Person

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Business Insurance or Key Person Insurance

Things you need to know

You have worked hard to build a successful business, now it’s time to safeguard your efforts with a Business Insurance policy. In the event that the key person or partner of your business passes away, a term insurance policy provides the financial security to ensure operations run smoothly while necessary business arrangements are made.

An insurance policy to ensure your company’s continuity

Definition

  • Coverage in case of the sudden loss of a key member that would negatively impact business operations.
  • Funds paid are used to find a new person or to implement other strategies to save the business.
  • Helps business partners purchase the business in case of key person’s death.
  • The business pays premiums and is a designated beneficiary.

Affordable Rates

Business pays premiums

You can include coverage against a serious injury resulting in a disability.

Provides funds to recruit and train key person’s replacement or compensate the owners for lost income.

Compensate the business for lost income.
Business Insurance or Keyman

Helps your business manage creditors and make debt payments.

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Family can benefit as they would receive payments for key person’s share of the business.
The policy provides funds for business continuity.
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Options to add disability.

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Provides funds to recruit and train key person’s replacement or compensate the owners for lost income if business closes.

family insurance - CHES Financial Services
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Family can benefit as they would receive payments for key person’s share of the business as quickly as possible.

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Because you deserve peace of mind

TAILORED INSURANCE SOLUTIONS FOR YOU, MAKE YOUR MOVE

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