KEY PERSON INSURANCE
Key Person Insurance is the insurance taken by the Organization to compensate for its losses when the person of the Organization meets with an unfortunate death or other incapacities.
Reasons to Choose Key Person Insurance!
Get Funds for business profit.
Avoid Business Disruptions
Liquidity to replace a key person
Safeguard the Organisation's Welfare
- Key Person Insurance can be taken on the health or life of any employee whose knowledge or overall contribution is considered uniquely valuable to the business.
- Employer uses it to offset the costs and losses, wherein they are likely to suffer from the loss of a key person.
HOW CAN YOU ATTRIBUTE THE WORTH OF A KEY MAN?
DECIDING THE SUM OF THE MONEY TO ENSURE THE KEY PERSON IS DEPENDENT ON THE COMPANY AND THE REASON FOR INSURING THAT INDIVIDUAL.
NOTE: BEFORE DECIDING THE WORTH OF A CLAIM, IT IS ADVISABLE TO THINK ABOUT LOSS AND PROFITS, COST OF THE REPLACEMENT AND DEBTS THAT WOULD BE NEEDED TO RUN THE COMPANY WITHOUT THE PERSON.
WHO CAN TAKE A KEY PERSON POLICY?
- Any business where the claims go directly to the business.
- Policies may be owns and paid for by the insured person directly, or owned by another individual.
DID YOU KNOW?
Key Person Insurance is also called Key Man Insurance.
Why Choose Gargash?
Gargash Insurance has partnered with various top insurance providers to provide a tailor made plan based on an Individual's needs. Gargash Insurance stands as an one stop solution to all your life insurance and investment needs.
Want to learn more or get more details?www.gargashinsurance.com
We're proud to have been awarded the prestigious title 'Chartered Insurance Brokers' by the Chartered Insurance Institute (CII). The award of Chartered titles is strictly controlled and is an objective measure of high standards of professionalism...Read more
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