Keyman Insurance

Key person insurance is needed by a wide range of companies and for many reasons but generally is most important for small and medium size businesses. These companies depend on the expertise and talents of a small number of individuals for their success. The death or disability of one of these key employees or executives may well result in the demise of the firm. Other businesses that must consider key man insurance include start-up companies, companies needing to secure financing, companies in niche markets where replacement employees may not readily be available, companies employing an exceptional sales person and companies where the business owner desires liquidity in the event of their death or disability.