Key Person Insurance
Is your business secure? If you are like most companies, there are certain key employees, founders, or owners that make the company what it is. Whether this is due to key client relationships or an in-depth understanding of the inner workings of the business, when people are this valuable, you need to protect your business against the unexpected. Since there is no way to prevent an accident, sudden illness or death of a key employee, we recommend taking out a key person insurance policy.
Key Person insurance or key employee insurance is coverage that will protect the company or business in the case of an untimely death or disability of a top salesperson, executive or business owner. Key Person insurance provides peace of mind to business owners and shareholders alike knowing that the business can continue operations without major disruption in the event of the loss of a key employee.
Protecting Your Key Employees
As a business owner, chief financial officer or board member, you have a responsibility to your company to make sure that business risk is minimized. Key employee insurance is a cost effective way to eliminate the unnecessary business risk associated with the disability or death of a critical contributor to your organization. But what if a key employee decides to leave your company to start their own business or even worse takes a position with a major competitor? For more information or a personalized quote, call Florida Educators Insurance at (813) 600-3268.
Could your company bear the loss of a key executive or key employee?