What is Key Person Insurance? | Contractor Advice UK
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What is key person or key man insurance and why is it important? Key person insurance, also known as key man insurance, is a life or disability insurance policy owned by a business on a critical employee such as a CFO, COO, or other key leader. It helps compensate the company for financial loss and transition costs if that individual passes away or becomes disabled. While key person insurance premiums are generally not tax-deductible, the coverage plays an important role in maintaining business
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With Keyman Insurance, safeguard your company against the financial impact of losing a key executive or team member. It helps your business: Maintain financial stability Cover unexpected losses Ensure smooth operations during transitions Invest in security today, and protect your business tomorrow! #KeymanInsurance #BusinessProtection #FinancialSecurity #ProtectYourBusiness #InsuranceSolutions #BusinessContinuity #RiskManagement #CorporateInsurance | Dale McLeod's Agency
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