Key Person Insurance
When you have an employee whose contribution is vital to the survival of your company, Key Person Insurance should be a part of your business operations. Your business will be affected if your key employee passes away or becomes disabled. Key Person Insurance is designed to help you if such a tragedy occurred. The “key person” is usually the owner or the founders of a company, however there may be other key employees you should consider. These are the people who are crucial to your business--the ones whose absence would dramatically affect the company and its bottom line.
Key Person Insurance has helped with
- The recruitment, hiring and replacement of a key person
- The payment of debt, and the handling of creditors
- Ensuring the business continues to operate as it was
With Key Person Insurance a business can receive tax free death benefits which can be used to meet expenses and repay debts. This also can be used as a reserve against any decrease in revenue that can occur when your company goes through the period of transition due to the loss.
Hubbard Insurance Group helps you identify these important and often overlooked needs of a business.
Contact us today to find out how Hubbard Insurance Group can help you to determine your need of Key Person Insurance. Email us at better@hubbardinsurance.com or call 905.696.9090 where you’ll be “Well Advised. Well ProtectedTM.”
Alternatively fill out the Get a Quote form and we will contact you as soon as possible.
Other Insurance Coverage to Consider
GENERAL BUSINESS INSURANCE
Protect your business property and assets as well as your reputation from lawsuits, accidents and more.
DIRECTORS & OFFICERS INSURANCE
Coverage for Directors & Officers protecting themselves and their organizations reputations from allegations of negligent acts.
EMPLOYEE BENEFITS
You want more than just drug and dental benefits coverage. We offer you more unique tailored benefits for your business and employees.
Call Toll Free 1-800-900-2009