LifeProtect your company's key people against financial loss from death or disability
Highlighted Coverages
- Decrease the economic impact caused to the company by the disability or death of the insured
- Loss of customers
- Non-payment of credits granted to companies and/or entrepreneurs
- Decrease in activity
- Loss of Know-how
Detailed Information
- FOR WHOM?
All companies, from multinational companies to small start-ups, have staff members who are essential to them.
- WHY?
This contract will offer monetary compensation if any accident covered in the policy happens to the insured. In this way, the company will have resources to be able to continue with its operations and cover the deficit of knowledge and productivity while it is in search of a substitute.
- COVERAGES
Decrease the economic impact caused to the company by the disability or death of the insured
Covers the financial losses the company may suffer if a key person becomes disabled or dies. This coverage pays a benefit that helps the company stay financially stable while it looks for a suitable replacement.
Loss of customers
Protects against the potential loss of important customers after the death or disability of a key person who managed essential business relationships. This coverage provides financial support to limit the impact on the company's customer base.
Non-payment of credits granted to companies and/or entrepreneurs
Covers unpaid credits or loans the company may have outstanding if the key person, whose work was essential to repaying those debts, dies or becomes disabled. This coverage helps avoid financial problems caused by unpaid debts.
Decrease in activity
Pays a benefit to offset the drop in business activity that may follow the death or disability of a key person, so the company can keep operating without compromising its day-to-day business.
Loss of Know-how
Covers losses stemming from the specialized knowledge and unique skills the key person brought to the company, whose absence could affect project development or business continuity. This coverage helps the company deal with the gap left by that lost expertise.
- REAL CASE?
- Company X has a life insurance contract under which it insures the director of marketing strategies.
On his way to work, he has an accident and dies.
The insurer will indemnify the company the agreed amount in order to reduce the economic impact that could be derived from this event until a substitute is found. - Frequently Asked Questions
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Group insurance: life, health and accidents
How group life, health and accident policies work, and their advantages over individual insurance.
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General questions about InsurCEO
What InsurCEO is, which insurance lines we manage, and how we work as a brokerage specialised in businesses.
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The basics: how insurance works
Premium, deductible, policy wording and exclusions: the concepts worth understanding before taking out a policy.
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Taking out and maintaining a policy
Risk disclosure, endorsements, renewal and what to do when your company's activity or revenue changes.
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When a claim happens
How a claim is reported, what a loss adjuster does, and your options if you disagree with the payout.
Answer a few questions about your business and we'll show you the options. If you'd rather talk it through, we'll call you.
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