It takes a great leader to run an organization, but without strong leaders a business stands little chance for success. More likely, a business has several “key employees” that contribute overall profitability and long-term success. So when it comes to insurance, it is essential that the business owners looks beyond insuring their business in the event of their own demise, but weigh the risks of losing one of their key employees.
Fortunately, there’s a relatively easy way to safeguard the business. Appropriately enough, it’s called “key-person” insurance.