|
|
 |
Insuring your companies key personel could be one of the most important business insurance’s you could take out.
It is a critical illness & life cover policy that will pay a lump sum of money should the specified keyperson suffer a critical illness or even die.
Losing a Key worker can have devastating financial consequences for your company such as loss of sales / profits, costly recruitment and training expenses etc.
Here are the benefits and why it is essential to have keyman insurance:
|
|
|
 |
Ensures that you have sufficient funds to purchase any lost shares or the remaining half of a partnership.
|
|
|
Enables funds to pay off any business loans or finance agreements.
|
|
|
Provides funds to recruit or train a replacement for the lost keyperson such as a top sales manager / negotiator, it manager etc.
|
|
|
Help absorb any temporary drop in turnover and/or profits.
|
|
|
Helps to maintain a good credit rating, even during any transitional periods.
|
|
|