Summary

Keyman Insurance is one of those insurances that most businesses ( life insurance advisers ) ignore, even though they should really take this kind of cover out. This article explains why small businesses in particular should look into getting Keyman insurance.

Keyman Insurance - essential for small businesses

Author: Anna Richardson (medical insurance)


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"I own my own business and often have to travel for work. I drove down to Kent last week and the weather was just awful - lashing rain and spray so bad that I couldnt see a thing, especially with all those articulated lorries on the road. Just as I was getting near ( mortgage quotations ) to the M25, the M1 ground to a standstill. For the next six miles it was gridlock, adding at least an hour to my journey.
 

"The delay had been caused by a bad accident - a lorry and two cars all looked to be in a very bad way. It occurred to me that it could have so easily been me in that accident, (life insurance) especially in these terrible driving conditions. I thought about the consequences of my being involved in a fatal accident. My life insurance is all present and correct and my Will was recently renewed, so my family would be able to manage financially. (loans)

"But what about my business? Its only a small company with two directors and seven employees, we also have an overdraft and a number of different types of ( car insurance quotes ) insurance, all the essentials like public liability and professional indemnity, and the cars and stock are also covered. I even made sure we had legal protection insurance.

"I still felt like there was something missing. It occurred to me, what if it had been Jason, our star salesman, who had been in that accident. Its thanks to him ( mortgage quotes ) that weve done so well lately, and hes been very loyal by staying with us for six years. Or what if it had been my co-director who also has a 50% share in the business with me. How would we cope without him and his creative input? (cheap car insurance)

 


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