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December 12, 2005

PRotection For Key Employees

The business world can be very competitive. One of the worst things that can happen to a business is to lose a key employee.  That is why it is important to consider options for protecting your key employees.

What if a business owner or key employee where to die?  What process would be used to:

1.  Find, hire and train to take that employees place.

2. Pay bills to maintain the company's good credit rating.

3. Paying off business loans,  which lenders may call after the death of an owner/key employee.

4.  Make up for the loss of revenue caused by the subsequent disruption in the business.

One option is to purchase "Key Employee" life insurance. 

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