Why A Growing Business Needs To Look Into Key Person Insurance
Posted: December 18, 2017
In a small, thriving business, the death of a key employee could cause the business to collapse. It could be an owner, a founder, a key salesperson, or any other important player. Life is full of uncertainties, but key person insurance helps protect your business should the unexpected happen. How Key Person Insurance Works Key person insurance is life insurance on a key person in...
The Importance Of Key Person Insurance For Small To Midsize Businesses
Posted: September 25, 2017
Key person insurance is life insurance on a proprietor, partner, or a valued employee who is key to the successful operation of a business. Small and midsize businesses typically have one or a few key persons who are primarily responsible for generating revenue. Examples include the partners in a two-attorney law firm, the sole cosmetologist in a small beauty salon, or the owner-founder chef of...