Key Man Insurance

Key Man Insurance

Key Man Insurance is an often-overlooked financial tool that protects the business against the financial loss of a key employee due to a death or disability. A key man, whether as an owner or employee, is anyone who provides significant value to a company and whose long-term absence would cause a significant financial loss to the firm due to a death or long-term disability. It can be an effective tool in covering the liquidity needed following the loss of the key individual in the corporation.