Key Employee Life Insurance
As a business owner, you know that your company is only as strong as the employees who work for you. It’s up to you to keep them feeling rewarded and appreciated by offering the right key employee benefits. Key man insurance merely is life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business–the ones whose absence would sink the company. Having the proper coverages on these key employees is critical to business continuation and sustainability in the event of an unexpected workforce lose occurs.