2 construction workers talking to each other

Key person

Owners protect their businesses from the loss of buildings and equipment, but what about coverage for the loss of their most valuable asset, their key employees?

These individuals are crucial to the prosperity of the business, and their death may create a significant financial risk.

Put a plan in place

The death or disability of a key employee could lead to business disruption, loss of profits, and the financial burden of recruiting and training a suitable replacement.

Consider a key person strategy

See how the strategy works.  

  • To create a source of income to replace lost capital due to a key employee’s death
  • To provide funds for recruitment and training to replace a key employee
  • To have access to cash to help settle any loans due, or other expenses or bills incurred as the company transitions

Explore our case studies for additional support