Key Person Insurance
Have you thought about what might happen if you or another key member of your team could no longer work due to illness, injury, trauma, disability or death? It could have a major impact on the sales, reputation or even the survival of your company.
That’s why at Risk Solutions we see key person insurance as a vital part of every business’ protection portfolio.
How does key person insurance work?
- Key person insurance is designed to protect your business from the financial impact of temporarily or permanently losing your key employees, owners or directors.
- We arrange an agreed upon benefit to be paid out to your business in the event that your people insured can no longer work due to illness, injury, trauma, disability or death.
- Your business can receive monthly payments for an agreed period of time or a lump sum, depending on the type of cover.
- It allows you time to find the right person as a replacement and minimise disruption as much as possible.
Some examples of key people in your business:
- Business owner, founder or partner who play a crucial role.
- Someone with specialist knowledge or skills that are an integral part of your success.
- A key relationship manager or top salesperson.
To see if you could be doing things better, flick us an email: info@rsl.net.nz or call Tim on 0275 734 064
