Most businesses have an individual who is key to the success and profitability of the business, a ‘key person’. The death, illness or disability of a key person can have a negative financial impact on your business.
Businesses are aware that their long-term success or failure will ultimately depend upon the ability and value of their employees. Businesses today protect their buildings and equipment quite easily by calculating the financial implications and potential loss of profits from the damage of these assets. What many businesses overlook or ignore is the actual value of its employees. Loss of employees needs to be assessed and an appropriate Business Protection solution selected.
The MSV Key Person Protection Plan is there to provide protection against the financial loss it may suffer from losing a ‘key’ employee due to death.