Especially in partnership or closely held corporations, the death or disability of a partner or key executive can severely disrupt business operations - or even threaten the company's survival. Key employee policies help protect what you have worked so hard to build.
- Life and disability policies are useful tools for funding buy-sell agreements.
- Coverage helps buy time to replace the key position.
- Some disability policies feature overhead expense coverage, so basic operations can continue during an owner's disability.
- With this coverage in place, suppliers, creditors, employees and other stakeholders feel more confident about the future of your business.