Flexibility When Disaster Strikes

    Imagine your best salesman, a key executive, or even you the business owner suffers from a prolonged illness or injury.  What was an existential threat to the years of building your business is now a period of flexible planning thanks to your Key Person Disability Policy.

    The majority of companies have key people who are essential to the success of the business. Whether these people are valuable because of their expertise, power, innovation or information, losing them (even temporarily) could be incredibly detrimental to a company. Key Person Disability Insurance provides crucial benefits to protect the company financially in the event that a key employee can no longer work due to a disability. Key Person coverage provides cash flow to help companies move forward and maintain a profit in the event that a key employee becomes disabled. In this situation, high limit disability insurance is invaluable.

    Your company can use the disability benefits to hire a temporary employee should the disabled employee’s prognosis appear to be a short-term disability. In the unfortunate circumstance of a permanent disability, benefits would then be used to help defray the costs related to hiring a replacement employee, such as recruitment, training, startup, loss in revenue and unfunded salary continuation costs.

    This discretionary benefit will keep your employees, your customers, and you protected if disaster strikes.