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Employee Life Insurance |
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Business Insurance
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Key Employee Life Insurance
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The death of
a key employee or owner can be
debilitating for a small
business if he or she is the key
contact for customers or
suppliers. Small business life
insurance is one way of
preventing or partially averting
the business’ collapse if a key
employee were to die. Life
insurance for small businesses’
key employees will compensate
the business against the
financial losses implied by this
person’s permanent disablement
or death. The cost and benefit
of small business life insurance
will depend on the nature of the
business, the age of the person
as well as his or her health and
role in the company.
Key small business employee life
insurance pays a death benefit
to the company when this key
staff member dies, or if they’re
permanently disabled. Such a
life insurance policy is
normally owned and paid for by
the company, making it the sole
beneficiary.
Contact South African business
insurance companies like
Dial
Direct Insurance,
First for
Women,
Auto and General or
Budget Insurance Brokers to find
out how you can take out life
insurance for your small
business’ key staff member.
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