Who Are Your Key People?

Think about your business. Who are the people in your company that makes things tick. Is it your top sales person? your sales manager? the IT specialist, the marketing director or evan your PA? A number of different people help to run a business and you need to decide which ones you can afford not to loose. As mentioned before, people do die or suffer from critical illness's and as a boss its unfortunately not your decision as to who and when this happens. You will need to asses how much financially your company could suffer if you lost one of your key workers. It could be that you will need to look at insuring all of the directors in a company. Imagine what could happen if a reckless member of a directors family received a share in your company on death. Key man insurance may give you the money to buy that person out saving you from many possible problems in the future. It could be that your company rely's heavily on its web site and would be in deep trouble without your expert web page and IT expert. The loss of your top sales person who's sometimes keeps your company running could cause you to shut up shop.

Obviously these people can leave and often do move on to other companies but you will normally at least have some notice.

Remember company's are often only as good as the people that run them and you should therefore stop and seriously think about who are your key people and how do I protect my company?

Key Man Insurance

Overseas Investment Property