Keyman Insurance Policy

What is Keyman Insurance?

Keyman insurance, also known as key person insurance, is a policy that a business takes out to protect itself against the financial loss that could occur if a vital employee or executive were to pass away or become unable to work. This coverage ensures that your business can continue operating while adjusting to the loss of a key individual.

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Who Needs Keyman Insurance?

Businesses reliant on the expertise, reputation, or connections of key individuals.

  • Startups with small teams where each member is critical to operations.

  • Companies seeking to secure loans or investments, as many lenders require it.

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Benefits of  Keyman Insurance

  • Ensures financial stability during difficult times.

  • Funds recruitment and training of replacements.

  • Boosts investor and lender confidence.