Should Small Businesses Insure Key People?
Updated: Dec 10, 2019
If a small business owner dies or becomes critically ill, the business will likely suffer. That important person might be responsible for growth and revenue. Without her there, how will the business stay intact?
Key person insurance can help. It’s a life or living benefits insurance solution that provides cash when the company needs it.
“In a small business, you don’t have as many people that you can substitute in if you lose a skill set”.
Key person insurance protects against the economic loss that can occur when an important employee or owner is no longer involved.