Successful businesses have well-established leaders. You rely on their competence, trust their knowledge and industry experience and value the many relationships that give your business momentum. Losing a business partner or a key person in your company can have a serious impact and finding the right replacement can take time. That’s why key man insurance is an important part of your risk management protection.
Should a business partner or key person lose their life, or be unable to work for an extended length of time, key man insurance policies offer some compensation during the transitional period to help offset the costs of recruitment and retraining. There are also options to protect you from lost revenue, lost opportunities and projects, or to ensure that the interests of shareholders and other partners are protected. Contact us to find out more about this important part of your business protection.