Key Person Replacement Insurance

Key Person Replacement Insurance provides benefits to a business in the event a key employee who is critical to the success of the business become totally disabled.

• The business owns the policy on the employee
• Benefits offset the costs of recruitment, temporary staffing, a revenue gap, etc.
• Creates goodwill by showing there is a contingency plan in the event of a key employee’s total disability.

With a benefit available of up to $500,000 a Key Person Replacement Insurance policy is a very affordable alternative to the business owners self-funding this risk.