- Life Insurance. Why There's No Need to be a Desperate Housewife
- This article highlights some of the mistakes people make when buying life insurance and draws to your attention the attraction of family income benefit insurance, a form of life insurance to provide income for families.
- A few pointers to reduce the cost of your life insurance.
- Getting Cheap Term Life Insurance
- A few pointers to reduce the cost of your life insurance.
- Getting Cheap Term Life Insurance
- Critical Illness Insurance and Life Insurance Cover for Better and for Worse
- What does critical illness insurance do? This article explains.
- Critical Illness Insurance. Are your children insured?
- Ensure that your critical illness policy automatically covers your children. This article explains why it's so important.
Summary
If your business has found Keyman Insurance to be too expensive, take a look at Group Critical Illness Insurance. At around half the price it's a snip.
Group Critical Illness Insurance The cheaper alternative to Keyman Insurance.
If you manage a small business you'll dread the possibility of a member of your team being be taken seriously ill ( remortgages )or dying. Apart from the personal upset, your business would be hit hard. Sales or production could take a dive, key skills could be lost and the general pace of the business could fall. All this costs the business money.
Insurance is available to offset those financial risks, risks that can be especially serious for smaller businesses. After all in smaller businesses other employees can't ( personal loans ) be moved across to fill the gap - there's simply no one spare. So the problem remains until the person either returns to work or is replaced.
If the person is off sick with a serious illness such as a stroke or a heart attack you simply don't know when, or if, they'll return to work. It could be a month, six months even a year or more. Management is then caught in a cleft stick. Do you take on a temporary ( medical insurance ) employee, contract out or recruit a permanent employee? Or are you forced to tread water and wait for matters resolve themselves? That's risky. And how much will all this cost the business in terms of extra overheads, lost sales and profit?
Keyman Insurance has traditionally absorbed these ( mortgages ) very real financial risks but nine out of ten small businesses still don't carry that insurance. It's either because they haven't addressed the problem or they've found Keyman Insurance to be too costly.