The key man insurance
remains in place, just in case one of the founders dies before the ownership transfer is complete.
Do you have key man insurance
in case something happens?
It also features flexible repayment terms and Key Man Insurance
Discussing such a policy with an independent financial adviser is important with key man insurance
to ensure that the right amount of life cover is put in place using the most suitable policy.
Reflecting on the expansion of the team, Richard Phelps, Head of Barclays Corporate & Employer Solutions said: The Corporate Wealth Advisory unit was launched earlier this year to support entrepreneurs and SMEs to manage the risks relating to the people aspect of their businesses, whether that be through loan protection, key man insurance
or shareholder protection.
The Adamses realize that they may have to add new provisions including key man insurance
, which provides business owners with funds to hire a replacement, pay off debt, or buy time until the business assets can be liquidated and the business closed should one of the owners die.
Primary areas of expertise include term life insurance, universal life insurance, in-force policy reviews, insurance for tough health risks, business life insurance including key man insurance
, business succession planning, disability income insurance and estate planning.
Companies can also opt for key man insurance
against the death of a key partner, employee or manager whose skills draw in a major chunk of the revenue.
There is such a myriad of insurance products available on the market, ranging from property and casualty insurance, to health insurance, from product liability insurance and key man insurance
to disaster insurance, from business interruption insurance to directors' insurance and life insurance.
Barron adds that it can be used as income protection for the insured's family, as key man insurance
, or to fund an individually owned buy/sell arrangement.
But there is another step that might be the most important step you ever take toward protecting your business' future: having key man insurance
A YOU could consider Key Man insurance
, a life assurance policy which would compensate your business for profits lost from the death of either partner.