When a crucial person in your business is suddenly unavailable, due to illness or worse, the financial impact can be significant. This free one-pager explains how Key Person Insurance works, who needs it, and why it’s a smart step for safeguarding business continuity.
Executive Summary
This guide breaks down the essentials of Key Person Insurance, a policy designed to protect your business if a vital individual becomes seriously ill or passes away.
What’s covered:
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What Key Person Insurance is and why it matters
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The types of roles typically insured
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Real-world scenarios where it can save a business
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How payouts work and what they can be used for
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Differences between life cover and critical illness cover
Why it’s important:
Losing a key employee can stall operations, affect profits, or even threaten business survival. This one-pager is ideal for business owners, finance directors, and stakeholders who want to protect against the unexpected and keep operations running smoothly.