If a key person in your business was to pass away, what funds would the business require to mitigate the impact? A key person in your business could be someone:
Who holds the whole business together
Who generates the most revenue
Has a key relationship with your biggest client
Has specialised technical knowledge or skill
Provides regular capital into the business
Is connected to financial lending covenants.
The insurance proceeds are paid directly into your business, and could be used to hire a replacement, meet ongoing loan repayments, or to meet ongoing expenses if cash flow is impacted.
Going to a bank and asking for a loan right at the very moment a key person is lost can be extremely daunting, and very challenging. We can provide advice to help protect your business from the loss of key personnel.
Please complete the form below for more information.
Request A Quote
Find out if you are covered?
Find out if you are covered? test
Dip Ins Broking, Dip Int Risk Management, Cdec (Qual)