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
- 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.
Business pays premiums