Key Person Insurance from Insurance Connect is designed to protect your business from the financial impact of losing a crucial employee due to death or disability. Key individuals contribute significantly to your company’s success, and their sudden absence could lead to revenue loss, decreased profitability, and operational disruptions. With Key Person Insurance, your business receives compensation that can be used to recruit, train, and develop new talent, ensuring continuity and stability.
Lump sum payout upon death or disability of a key employee
Financial support for hiring and training a replacement
Protection against business disruptions caused by the loss of key personnel
Coverage for business liabilities tied to the key employee
A key person is any employee whose skills, experience, or reputation are vital to your business’s success, such as a top executive or specialist.
If the key person is permanently disabled, the policy will pay a lump sum to the business to help offset the financial impact.
The funds can be used to recruit and train a replacement, cover any financial losses, or stabilize the business during the transition.
Yes, the policy covers both total and permanent disability, ensuring the business is protected if the key person cannot return to work.
Yes, you can take out policies on multiple key employees to safeguard the future of your business.
