The loss of a president, CEO or CFO, can lead to a decrease in revenue and profitability, which can affect the long-term viability of a business. Key man life insurance provides essential reimbursements for expenses related to replacing a key employee.
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The loss of a key employee can affect the long-term viability of your business. According to a study by the National Association of Insurance Commissioners, 71% of small businesses in the United States are vulnerable to financial losses due to the death of a key employee, while 72% have no key person coverage. The same study found that 40% of businesses would be negatively impacted within six months of losing a key employee, and 25% would be negatively impacted immediately.
A LIFESAVER FOR YOUR BUSINESS LEADERS
Ensure continuity of operations and preserve your company's reputation. We provide the best prices with the best service in California and the U.S. When it comes to Key-Man Life insurance, we can show you the ropes.
HASSLE-FREE QUOTES AND APPLICATIONS
Getting a quote for key man life insurance is a straightforward process. Business owners can quickly receive a quote by providing basic information about their business and the key employee they wish to insure. With the help of an experienced insurance agent, the process can be completed in a timely manner and provide peace of mind for business owners.
A WIDE RANGE OF CARRIERS
We have a vast selection of carriers and great relationships with our underwriters. We sell nearly every carrier that works with independent brokers. That directly translates to better coverage and better pricing for you!
Key Man Life
Key employee coverage
Key man life insurance is a policy that provides financial protection to a business in the event of the death of a key employee. It ensures that the business can continue to operate and recover from the loss of a valuable team member.
If your business is your baby, then key man life insurance is like a nanny, keeping an eye on your most important assets. It's like a superhero cape for your company, protecting it from the unexpected. When your business relies on a star player, key man life insurance can make sure that even if something happens to them, your company can still thrive. In a world where anything can happen, key man life insurance can be the safety net that keeps your business from falling apart.
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