Protecting Your Business with Keyman Insurance

A keyman insurance policy is a life insurance plan taken out by a business on the life of a crucial employee—often a founder, executive, or someone whose skills are vital to the company's success. The business pays the premiums and is the beneficiary of the policy. In the event of the key person's death or disability, the policy provides financial support to help the company cover potential losses, find a replacement, and maintain stability during a difficult transition. It's a smart way for businesses to protect themselves from the unexpected loss of essential talent.