Financial protection for your business

What is Key Person Insurance

Key person insurance can provide financial protection to your business in the event that a key person dies or is unable to work due to injury or illness.

Why Key Person Insurance is Important

Key Person Insurance provides a cash injection into the business to offset the estimated loss caused by the death, disablement or illness of a key person.  The funds can be used to assist with:

  • Hiring a temporary replacement employee
  • Compensating the business for loss revenue or profit
  • Repayment of debt

 

It is important that you discuss your needs with an adviser as the needs for each business are different.

Austbrokers offer you trusted insurance advice to all your insurance needs, guidance and long term support.

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