TechTalk: Keyperson Insurance
In this issue, we examine how the company arranges a policy of life insurance to cover the company should a key employee die or suffer a serious illness.
We have recently covered the areas of Co-Director Insurance and Corporate Co-Directors Insurance, we now examine the details of having Keyperson Insurance.
When running a company, it is vital to consider and plan for events that could adversely affect the company’s success and in particular, it is important to consider the implications for a company on the sudden death or serious illness of a vital employee. That vital employee is referred to as a Keyperson and in this issue we examine the need for insurance and how the policies of insurance are set up.
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