Key Man Life Insurance Coverage
Chapman Insurance Group wants to make sure your business is always protected – no matter what. If your business depends heavily on one or two people, the best way to protect it is through key man life insurance.
Three simple options
In the event of a key employee’s death, here are some things to consider:
- There could be a loss of sales and revenue
- Customers could leave and take their business to competitors
- Your business could experience high employee turnover
- Loans and mortgages can be called by the bank if your business has borrowed money
Key man life insurance protects your business by providing cash that makes up for lost revenue, the amount that it costs to train a new employee, and what it takes to pay outstanding loans.
Here are a few of the positions that your business could benefit having a key man life insurance policy for:
The person who started the business from the ground and still does work for the day-to-day aspects of the business.
This person has valuable contacts and is responsible for attracting new customers.
This person understands the company’s operations, which is knowledge that’s not easy to replace.
This person has guaranteed loans or provided money to the company for startup costs.
Questions about key man life insurance?
Ask an expert.
Chapman Insurance Group understands how daunting it is to think of losing your livelihood in the event of one person’s passing. Contact an agent to see how key man life insurance can ease your mind.
Key man life insurance near you.
CIG provides key man life insurance to businesses in Port Charlotte, Punta Gorda, Cape Coral, Fort Myers, Bonita Springs, and Naples, Florida.