Many business owners recognize the threat of losing a key person and ultimately protect their businesses with key man insurance. But more often than not,
Whether you have been in business for several years or if you are looking for capital investment to fund a start-up, the advantages to having a strong business plan cannot be understated. One of the most often overlooked Risk Management Strategies is key man insurance. Every good business has a few “key” people that are essential to the successful operations and ultimate profitability of the company. Proper business planning dictates that these key executives and employees, the ones driving the revenue for the business, should be protected. When you stop to think about aren’t your key people your real assets in your company? It is only prudent to protect these key assets.
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