Do you want to protect your company by taking out business and key person insurance? Here at Perler Wealth, we are on hand to advise you in the best way possible for your insurance solutions. We are wealth management experts that will guide you in the right direction. To find out more information about your insurance options, give us a call on 604 468 0888.
Life Insurance for the Key Executive in Your Business
There are many types of insurance that can act as a protection to individuals, but it is also worth taking out business insurance. This option is certainly worth considering if you are involved in any company, regardless of its size. Most successful businesses have key individuals at the top of the chain, pulling the strings and overseeing operations.
Without these executives, your company could struggle, which is why it is important to have business and key person insurance. This particular policy will be purchased by a company on the life of a key executive in the business. In the event of their death, which will negatively impact the running of the business, the company will be the beneficiary.
Having this form of life insurance in place will help the operations of any company from a financial aspect. Losing such a key figure could affect revenue and plans moving forward, which is why it is vital to have this form of protection. Bear in mind that it is the company’s responsibility to pay the insurance policy premiums.
We have plenty of insurance solutions that we explain to our clients in order to help them make the best decisions moving forward. Business insurance is particularly important for smaller-sized companies as the owner or executive is the most important figure. If they unexpectedly die, then it could result in the company crashing. Rest assured that our experts will talk you through all of the possibilities.