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Life Insurance protects the company against financial losses derived from the death or disability of the key person in the business.
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
- ✔ Loss of customers
- ✔ Non-payment of credits granted to companies and/or entrepreneurs
- ✔ Decrease in activity
- ✔ Loss of Know-how
- 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.
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