Key Man Insurance - The Insurance Pros
What is Key-Man Insurance
Key person insurance, also known as key man insurance, is a type of business life insurance designed to protect a company from the financial impact of losing a key employee, such as a founder, executive, or key contributor whose skills, knowledge, or relationships are critical to the success of the business.
The policy is typically purchased by the business to insure the life of a key individual within the organization. If that person passes away or becomes disabled, the company receives a payout to help cover the costs of replacing the individual and to provide financial support during the transition period.
Set up an appointment today
Key-Man Insurance is a specialized type of life-insurance. Every situation is different, therefore, we suggest setting up a one-on-one appointment if you think one of these policies may be a good fit for your business.