Key man Insurance New York, Key Employee Insurance
Every business owner knows that they could not be a success without the help of their key employees.
Over the years, key employees become extremely critical to the operation of your business and you literally could not run your business without those employees. The reality of business is that everyone can be replaced, but it can cost a lot of money and take a lot of time to replace a key man in your organization.
Your business would be in trouble if you ever lost a key man to retirement, death, or another opportunity.
Some of the more immediate concerns would be:
- Customers losing faith in the business
- Employees questions the company’s stability
- Market shrinkage
Losing a key man in your business is like losing an important member of your family. If it ever happens, you are not sure how you will be able to move on. But the reality is that losing key personnel happens and you need to have a contigency plan in place when it does.
We have a long history of offering the most comprehensive business planning services in the industry, and our key man coverage is proof of our detailed understanding of your company’s needs. We will work with you to understand the critical importance of key personnel in your organization, and we will construct a plan that will cover your company in the event that you lose a key member of your team.
When an important member of your organization is no longer there to help your company succeed, the impact can be devastating. The emotional impact can hit your employees hard and the financial impact could close your company down for good. But with our key man insurance, we make sure that losing key personnel does not close your company’s doors for good.
Our key man business planning programs provide the funds you need to keep your company going until you can replace that key part of your organization.
We will work with you to create a comprehensive risk assessment of the potential loss associated with a key man leaving your company, and then create an insurance plan to cover those losses. It is all part of our very comprehensive set of business planning tools that we offer in conjunction with our years of business planning experience.