Running a business comes with several different sources of stress. From managing finances to training staff, there are often a few surprises along the way. The loss or incapacitation of employees central to the success of your business is never pleasant. In addition to the emotional strain, there’s a large amount of financial pressure that accompanies incidences like these. It’s why we strongly advise that all business owners consider key person insurance in order to successfully mitigate their risks, with fewer economic consequences.
Key person insurance for important employees
For those who aren’t quite sure what this cover offers those who own or run businesses, here’s some more information on this necessary policy.
It falls under assurance
In the insurance realm, it’s common to encounter insurance and assurance. Whilst these are both blanket terms for types of cover, they aren’t one in the same. Insurance policies are those that provide financial compensation and cover for unfore..