key man insurances -
Secure key positions in the company
Key employees in the company hold important positions and are often difficult or not replaceable. These are key forces, so-called Key-Men, who are - because of their special knowledge or skills or because of their contacts and experiences - the main men of the company. Mostly these are officers, directors or specialists.
If the company loses these Key-Men for example through disease or death, the company may incur substantial financial losses.
To cushion temporary outages, financial resources are often needed, in the worst case to find an adequate replacement. This can be very time consuming and costly.
But if these are outages due to severe illness, death or disability, a financial cushion for possible declines in sales and all other direct or indirect consequences of the loss is helpful.
Keyman policies can intercept this. Get in touch with us and get comprehensively adviced.