Insure against the financial loss of a Key Person to the business
Keyman or key person insurance is an insurance policy you take out on the most important people in your business. If an employee is extremely valuable or integral to the success of your business, you want to ensure you're protected appropriately should something happen. Keyman insurance offers the assurance needed that your business would continue should that highly valuable person no longer be around due to illness or death. Read on below for all the details about keyman insurance and whether it's the best fit for your business.
The people that are most valuable to your business can also present the highest risk. If the person integral to your line of credit is suddenly unable to work, how quickly could your company recover. If your primary point of contact for dozens of clients falls ill, will you be able to forge those bonds again?
Keyman insurance is designed to cover you should the worst happen and ensures your businesses' longevity if you lose one of the most important members of your team. This specific type of business insurance is a viable choice for a vast range of businesses. Our team at WIS has the knowledge and expertise to connect you with the best deal for your specific business requirements. Get in touch with us today to find out more.