Keyman insurance Also called key man or key person insurance, keyman insurance is essential for businesses that want to insure their core employees. This guide to keyman life insurance will help you determine if this life insurance product is right for your business and help you choose the best keyman insurance policy. Table of contents What is keyman insurance? Types of keyman insurance Keyman insurance tax deductible Keyman insurance cost Affordable keyman insurance Best keyman insurance policy Keyman insurance online Keyman insurance quotes Keyman insurance FAQ What is keyman insurance?
A company's greatest asset is undoubtedly its staff. While every person plays an important role in a business though, there are always certain members of staff whose absence could be highly detrimental to the company's success. This is why a Keyman or Key person insurance policy may be the greatest investment you could make. Keyman insurance is an insurance policy specifically designed to help a business recover in case it loses a key person who is considered invaluable for its running and growth.
Would your business survive if a key member of staff suddenly passed away? This is probably the worst-case scenario for most, but it is a fact that the sudden death or long-term absence of a vital employee could be destructive for a company's success. This is where Keyman insurance comes in. 1.What is Keyman insurance? Keyman or key person insurance is purchased by a business in order to insure the life of who they consider their most valuable employees.