Key Personal Insurance

What is Key Person Insurance

Key person insurance can provide financial protection to your business in the event that a key person dies or is unable to work due to injury or illness.

Why Key Person Insurance is Important

Key Person Insurance provides a cash injection into the business to offset the estimated loss caused by the death, disablement or illness of a key person.  The funds can be used to assist with:

• Hiring a temporary replacement employee
• Compensating the business for loss revenue or profit
• Repayment of debt

It is important that you discuss your needs with an adviser as the needs for each business are different.