What is KeyMan Insurance?
Keyman Insurance is a type of Life Insurance Policy which is set up or structured in a particular way to protect a business.
For Keyman Insurance, the business is listed as the beneficiary and/or policy owner.
A Keyman Insurance policy can cover the key person for a combination of Life, TPD, Trauma and Income Protection Insurance.
The idea behind Keyman Insurance is for business protection. It is easily understood when you look at a company who thrives on a handful or one particular person at the top. If any one of these employees were to become permanently disabled or die, the company would suffer greatly. The insurance then becomes beneficial to take out when those employees become somewhat of an irreplaceable asset.
Businesses large and small should consider looking at taking out a Keyman Insurance policy on any key person or employees in their business.
Give us a call today or fill out the form below to get a free no obligation quote and see how we can give you peace of mind knowing that your business is protected.
Southside Financial Services | Keyman Insurance Brisbane
Contact Us
